WASHINGTON, Nov. 5, 2007—The U.S. Department of Agriculture today announced that 39 agricultural trade-building projects have received nearly $3.4 million in fiscal year 2007 funding to promote market access overseas for U.S. agriculture.
USDA’s Foreign Agricultural Service’s Emerging Markets Program provides funding for expertise in the export of American farm goods with technical support for research on new markets, market promotion of U.S. agricultural goods, trade missions and trade dispute resolution. It also sponsors training so that potential buyers in emerging economies can use U.S. agricultural goods profitably.
All applications undergo a competitive review process that considers the quality of the proposal, its likelihood to succeed, and the applicant’s knowledge of the market in the region. Qualification requirements include cost sharing, market analysis and justification for federal funding.
For more information on the Emerging Markets Program, contact FAS’ Nancy Hirschhorn at (202) 720-6896, or visit the FAS web site at http://www.fas.usda.gov/mos/em-markets/em-markets.asp.
A listing of program allocations is attached.
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PR-130-07
Emerging Markets Program (EMP)
2007
Region
Project/Organization
Allocation
$1,123,300
45,000
150,000
67,130
17,200
50,000
65,000
75,000
100,000
Singapore
20,000
56,000
5,000
147,970
$625,257
18,500
12,500
15,000
21,500
55,000
168,850
56,400
30,000
79,107
18,400
$10,000
10,000
$142,410
8,150
64,260
4,000
60,000
6,000
$647,833
77,000
112,500
98,000
113,915
246,418
805,000
$3,353,800
