Via U.S. Trade and Development Agency Press Release
October 4, 2017
ARLINGTON, VA - Today, the U.S. Trade and Development Agency announced its largest return on investment since the agency was created by the Jobs Through Exports Act of 1992. Far surpassing all previous results, USTDA identified $95 in exports of U.S.-manufactured goods and services for every $1 invested in infrastructure projects in emerging economies.
The increase in USTDA's return on investment is the direct result of over $4.6 billion in exports of U.S.-manufactured goods, technologies, and services. These exports include the sale of transportation, energy, ICT and agricultural products, technologies and services. This historic return represents more than double the Agency's return from just eight years ago, when the export multiplier was $40 for every $1 programmed. USTDA's continued success comes from facilitating mutually beneficial commercial partnerships between leading U.S. providers and overseas project sponsors. These partnerships directly advance President Trump's priorities of creating new U.S. jobs through the opening of markets for increased exports of U.S.-manufactured goods and services.
"USTDA's unprecedented results demonstrate the commitment by this Administration to reduce barriers to the export of U.S.-manufactured goods and services that support high-paying export-related job creation in America," said Acting Director Thomas R. Hardy. "The Agency again exceeded expectations and will continue working tirelessly to introduce emerging markets to the most innovative and appropriate U.S. solutions as countries invest in the development of their infrastructure priorities."
As the U.S. government's project preparation agency, USTDA supports a diverse portfolio of projects, from energy development in Africa to transportation linkages in Latin America. Many of these projects are advanced by innovative small U.S. businesses and the cutting-edge goods and services they have to offer. Through USTDA's programs, these businesses gain access to new overseas markets and USTDA's overseas partners are introduced to innovative U.S. solutions that are most appropriate to their development needs.
Allison Getty | (703) 875-4357
Comments are closed.