Hanoi, Vietnam – The U.S. Trade and Development Agency today declared its 2021 strategic vision for supporting new energy sector infrastructure across the Indo-Pacific region. The announcement was made at the 2020 Indo Pacific Business Forum, which is currently taking place virtually and in person in Hanoi, Vietnam.
“Today, USTDA announces a strategic choice to underscore the critical importance of energy efficiency and diversification, said Todd Abrajano, USTDA’s Chief Operating Officer and Head of Agency. “Our regional partners have made these initiatives their top priorities, and that is why we are committed to showcasing the innovative technologies of U.S. companies and the best that American industry has to offer in the Indo-Pacific.”
USTDA’s 2021 energy sector strategy is designed to fully utilize the Agency’s complete toolkit for project preparation and partnership-building activities. This will position the agency in a new and more dynamic way, and more able than ever to provide regional access to the most cutting-edge U.S. energy technologies, solutions and expertise. In addition, USTDA announced it will support the full range of energy sector activities, with focus on the development of liquefied natural gas infrastructure, smart grids, energy efficiency and renewable energy integration and storage. Under its Global Infrastructure Resilience Initiative, USTDA will also fund energy sector activities that prioritize resiliency in their design and implementation.
The implementation of USTDA’s 2021 energy sector strategy will be facilitated by an expansion of the Agency’s presence across the region, with new offices planned for Manila, Philippines; Kuala Lumpur, Malaysia; and Jakarta, Indonesia. USTDA currently has a presence in New Delhi, India; Bangkok, Thailand; and Hanoi, Vietnam.
USTDA’s energy sector strategy will support the Asia Enhancing Development and Growth through Energy program under the U.S. government’s Indo-Pacific Strategy.
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 preparation and partnership building activities that develop sustainable infrastructure and foster economic growth in partner countries.
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