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USTDA RELEASES 2009 ANNUAL REPORT

Highlights Success in Spurring Over $2.3 billion in Exports of U.S.-Manufactured Goods and Services

Highlights Success in Spurring Over $2.3 billion in Exports of U.S.-Manufactured Goods and Services

Highlights Success in Spurring Over $2.3 billion in Exports of U.S.-Manufactured Goods and Services

WASHINGTON, D.C. (January 11, 2010) – The U.S. Trade and Development Agency released today its Annual Report for Fiscal Year 2009, which highlights the Agency's accomplishments advancing economic development in emerging markets and opening those markets for the export of U.S.-manufactured goods and services.

Through this successful program, the Agency identified over $2.3 billion of U.S. exports from 41 states and the District of Columbia this past year alone that were directly attributable to USTDA-funded activities. In part, as a result of these new export figures, USTDA is pleased to announce that for every dollar invested in its programs during the past ten years, the Agency has generated over $40 in U.S. exports. Of particular importance during the economic downturn has been the role of USTDA's programs in creating jobs in the United States while also contributing to the economic development of our partners overseas.

In FY 2010, USTDA will increase its investments in programs that will speed the deployment of new clean energy solutions where they will have a transformative impact on development while simultaneously limiting harmful greenhouse gas emissions. The Agency will also continue supporting activities that advance the Millennium Development Goals. With a focus on sub-Saharan Africa, the Agency will prioritize its investments in clean and renewable energy, ICT, and transportation. Fundamental to the overall success will be the continued focus on the creation of cooperation programs that build effective partnerships for sustainable development.

The U.S. Trade and Development Agency advances economic development and U.S. commercial interests in developing and middle-income countries. The agency funds various forms of technical assistance, feasibility studies, training, reverse trade missions and business workshops that support the development of a modern infrastructure and a fair and open trading environment. USTDA's strategic use of foreign assistance funds to support sound investment policy and decision-making in host countries creates an enabling environment for trade, investment and sustainable economic development. In carrying out its mission, USTDA gives emphasis to economic sectors that may benefit from U.S. exports of goods and services.

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