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Wyoming Business Council Chief Executive Officer Shawn Reese and Taiwan External Trade Development Council (TAITRA) President and CEO Huang Win-Jung recently signed a memorandum of understanding to formalize the agencies’ mutual efforts.

The MOU was signed on Sept. 16, 2014 during a trade mission to Japan, South Korea and Taiwan that included Reese, Wyoming legislators and the Governor’s office. The Sept. 9-20 trade mission continued efforts to expand the State of Wyoming’s energy and manufacturing interests abroad. The delegation explored opportunities to export Wyoming’s coal, natural gas and other natural resources with utilities, fuel brokers, petrochemical companies, manufacturers and energy and technology development organizations.

The delegation included Wyoming Senate President Tony Ross, Speaker of the House Tom Lubnau and Majority Floor Leader Phil Nicholas; Senate Vice President Eli Bebout, and Representatives Bob Nicholas and Mike Greear, as well as Jerimiah Reiman, Natural Resources Policy Director for Governor Matt Mead.

The Wyoming-Taiwan MOU commits both parties to exchange trade, market and promotional opportunities and economic information, and to disseminate them to businesses throughout Taiwan and Wyoming.

“This MOU is another step in growing Wyoming and TAITRA trade relationships over time,” Reese said. “This partnership has potentially large benefits for both Wyoming and Taiwan. Taiwan is a global leader in commercial technology and Wyoming is a global leader in energy production.”

Wyoming has been working on economic and cultural relationships with Taiwan in many areas. Governor Mead visited Taiwan in October 2013 as part of a trade mission that included a stop in South Korea. Mead said both countries have the potential to be long-term economic partners, especially in Wyoming’s top three industries: energy, tourism and agriculture.

Last winter, the Wyoming Legislature passed a joint resolution urging the U.S. Congress to support Taiwan’s participation in appropriate international organizations and to resume free trade talks with that nation.

 

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