Arlington, VA – The U.S. Trade and Development Agency issued its annual report for fiscal year 2020, encompassing new initiatives, sector areas of focus, global success stories, and the Agency’s continuing work to promote American business and quality infrastructure in emerging markets. USTDA is the only federal agency that is Congressionally mandated to engage with the U.S. private sector in infrastructure projects at the critical early stages when design and technology options are drafted, defined and determined.
“In every way, 2020 was a year to remember. For USTDA, it was also a time of extensive success, novel approaches, creative design and, in the wake of the COVID-19 global pandemic, challenges like no other. But through it all, the Agency planned, prepared and prevailed in its core mission and fundamental responsibilities,” said Todd Abrajano, USTDA’s Chief Operating Officer and Head of Agency.
The annual report details USTDA’s investments through a unique blend of tools that ensure U.S. industry can access the high-growth emerging markets where they can expand American exports and create new jobs in its priority sectors of agribusiness, energy, healthcare, information and communications technology, and transportation. Also highlighted in the report are the programs critical to the mission of the Agency, including USTDA’s new Global Infrastructure Resilience Initiative, the Global Procurement Initiative and its domestic outreach program, Making Global Local.
All of this contributed to the Agency’s return on investment in 2020: on average, for every $1 invested in its programs, $112 in U.S. exports were generated.
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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