|FOR IMMEDIATE RELEASE
March 22, 2012
Thomas R. Hardy | (703) 875-4357
USTDA REAFFIRMS COMMITMENT TO BILATERAL COOPERATION
IN THE DEVELOPMENT OF CHINA'S AVIATION SECTOR
BEIJING, CHINA – USTDA reaffirmed its support of the ongoing U.S.-China Aviation Cooperation Program (ACP) by committing to support the eighth phase of the successful partnership between USTDA, the Federal Aviation Administration (FAA), U.S. industry and the Civil Aviation Administration of China (CAAC). The grant signed yesterday will fund an executive management training program, an air traffic management executive training program, and the development of design seminars to strengthen China's air traffic flow management.
The program will build upon the work already undertaken in earlier phases to expand China's regional aviation market. In addition to the $678,000 grant signed today, matching funds will be provided by the U.S. aviation industry and the CAAC, thereby linking the U.S. and Chinese government and aviation industries in a multi-faceted program to promote technical, policy and commercial cooperation.
"We have been so pleased by the previous successes of the U.S.-China Aviation Cooperation Program that we are pleased to continue our support," USTDA Regional Director Geoff Jackson stated. "China's aviation industry is growing rapidly and is closely tied to the U.S. aviation industry. I believe the cooperation between USTDA and CAAC is a critical component in that relationship."
The USTDA agreement was conferred during a signing ceremony at the CAAC headquarters in Beijing. USTDA Regional Director Geoff Jackson and CAAC Director General Jin Yibin signed the grant agreement on behalf of the U.S. and Chinese governments, respectively. The ceremony was attended by additional representatives of the CAAC, FAA, USTDA and ACP.
Established in 2004, the ACP has helped foster strong Chinese demand of U.S. aviation products that are attributable to the cooperation that is the hallmark of the Program. The current grant will continue to strengthen the bilateral partnership and open further export opportunities for the best in American-manufactured goods and services.
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The U.S. Trade and Development Agency helps companies create U.S. jobs through the export of U.S. goods and services for priority development projects in emerging economies. USTDA links U.S. businesses to export opportunities by funding project planning activities, pilot projects, and reverse trade missions while creating sustainable infrastructure and economic growth in partner countries.
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