|FOR IMMEDIATE RELEASE
January 9, 2014
Anna Humphrey | (703) 875-4357
USTDA RELEASES FY 2013 ANNUAL REPORT
Highlights U.S. Industry Exports to Emerging Markets
ARLINGTON, VA – Today, the U.S. Trade and Development Agency released its Fiscal Year 2013 Annual Report, which highlights USTDA's efforts to link U.S. businesses with global infrastructure opportunities. In FY 2013, USTDA identified nearly $3 billion of U.S. exports attributable to its activities, designed to help companies create U.S. jobs through the export of U.S. goods and services for infrastructure development projects in developing and middle-income countries. For the fifth year in a row, the Agency's measure of its return on investment increased, reaching a record-breaking $73 in U.S. exports for every dollar programmed.
The Annual Report highlights several projects that achieved results for both U.S. companies and emerging market partners. For example, USTDA has supported a number of activities to provide analysis and introduce favorable policies for smart grid implementation. Tata Power Delhi Distribution Limited, a utility serving 4.5 million people in northern India, recently implemented all of the recommendations from a USTDA-funded technical assistance on distribution automation. Nearly 15 U.S. companies provided software, hardware and services for this project. As a result, Tata Power is now one of the most advanced utility providers in India and has deployed the country's first Outage Management System, which allows the utility to identify faults more quickly and dispatch a repair crew before the consumer calls.
"Success stories like this one demonstrate the Agency's ability to concentrate investments in areas with the highest potential for U.S. exports while promoting sustainable development overseas," said Director Leocadia I. Zak. "I am confident that USTDA will build on its long record of success in FY 2014 by continuing to facilitate increased U.S. exports while encouraging economic development in emerging markets."
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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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