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Missouri-Taiwan $700 million deal signed

10:25 AM, Mar 19, 2013   |    comments
Gov. Jay Nixon. Photo credit: MIRA OBERMAN/AFP/Getty Images.
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SEOUL, South Korea (KSDK) - A Missouri delegation led by Governor Jay Nixon closed deals with trade organizations in the Republic of China (Taiwan) worth an estimated $700 million.

The Missouri-Taiwan deal calls for the sale of Missouri goods to Taiwan over the next four years, which includes a $200 million agreement between the Missouri Department of Agriculture and the Taiwan Feed Industry Association, and a $500 million agreement between the Missouri Department of Economic Development and the Taiwan External Trade Development Council.

Specifically, Taiwan will receive agricultural goods, industrial and electrical machinery, plastics, vehicles, and chemical products. Nixon believes selling Missouri goods abroad will result in job creation in the state.

Governor Nixon and the Missouri delegation are in South Korea Tuesday negotiating export agreements for similar products.

In the 2011 and 2012 calendar years, Missouri exported approximately $28 billion worth of local goods around the world.


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