|FOR IMMEDIATE RELEASE
December 15, 2010
Thomas Hardy | (703) 875-4357
USTDA SUPPORTS EXPANDED U.S. EXPORTS TO CHINA
Agency Renews China Program And Awards Grants At 21st U.S.-China Joint Commission On Commerce And Trade
WASHINGTON, DC – Today USTDA celebrated a decade of work in China by extending its program in the country for another ten years as well as awarding two grants. Both grants continue the agency's support of opening the large China market to U.S. exports of goods and services as well as supporting China's efforts to reduce air and water pollution. These activities further the Administration's goals of promoting U.S. exports of green technologies and cooperating with China to mitigate climate change. All three agreements were signed during the twenty-first U.S.-China Joint Commission on Commerce and Trade.
Since 2001, USTDA has awarded over 120 grants in China that have resulted over $4.2 billion in U.S. exports. To mark ten years of this successful program, USTDA signed an Operating Framework Agreement with China's Ministry of Commerce to renew the program for an additional ten years. Under this Agreement, USTDA agreed to consider assistance to Chinese organizations for project planning activities that respond to Chinese development priorities that might benefit from U.S. exports.
In support of this continuing partnership, USTDA awarded a $585,745 grant to the Changjiang Water Resources Commission (CWRC) to fund a feasibility study and pilot project that evaluates the potential for employing technologies developed by the U.S. company Sutron Corporation, based in Sterling, VA, to address China's water monitoring challenges in the Han River watershed. In addition to the USTDA grant, CWRC and Sutron, the sole-source contractor, will contribute resources toward the study's completion. Development of this monitoring system would help ensure clean drinking water supplies to millions of people in Northern China.
Separately, USTDA awarded a $442,380 grant to the China State Grid Electric Power Research Institute (CEPRI) to fund technical assistance to develop standards in China for smart grid infrastructure and technology that are harmonized with U.S. standards. Harmonized standards will ensure that the smart grid market in China, worth an estimated $10 billion annually, is open to U.S. companies. Advancing the deployment of smart grid technologies will also help China meet rapidly growing energy demands through increased efficiency in the generation and transmission of electricity.
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The U.S. Trade and Development Agency advances economic development and U.S. commercial interests in developing and middle-income countries. The agency funds technical assistance, feasibility studies, training, reverse trade missions and business workshops to support development of modern infrastructure and a fair and open trading environment. USTDA's efforts create an enabling environment for trade, investment and sustainable economic development.
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