The quickly-growing organic market in Taiwan is poised to grow even faster. Late last week, the U.S. and Taiwan reached an organic equivalence arrangement to enable increased trade between the two regions. Taiwan is already the fifth-largest export market for U.S. organic products. The new arrangement will remove previous barriers for exporters, providing an opportunity for U.S. organic products to gain a greater share in the Taiwanese marketplace.
Taiwan’s imports of U.S. organic products have increased sharply in the past few years, with imports totaling over $90 million last year, and are forecast to grow by just about 50% over the next five years.
“We are pleased to see the enthusiasm from both the U.S. and Taiwanese governments to reduce trade barriers for organic products and ensure more consumers have access to the wide variety of high-quality organic goods the U.S. can provide,” said Laura Batcha, Executive Director and CEO with the Organic Trade Association. Taiwan imports multiple organic products from the U.S., including apples, lettuce, grapes, cauliflower, celery, and processed products.
The OTA said they’ll provide resources and activities for exporters who wish to explore potential business opportunities with Taiwan.
If you have a story idea for the Washington Ag Network, call (509) 547-1618, or e-mail [email protected]