Trade Opportunities Boosted with $10 Million from USDA

Total of 76 agricultural trade promotion projects funded through 2006 Emerging Markets Program.

Total of 76 agricultural trade promotion projects will receive a total of nearly $10 million in funding from the 2006 Emerging Markets Program, according to a statement from USDA.

This year's recipients include trade groups, nonprofit organizations, universities and federal agencies. Projects will be conducted in Asia, South America, Central America and the Caribbean, Russia, Eastern and Central Europe, and Africa. The program supports generic promotion and distribution of U.S. agricultural products, trade missions, and research on new markets. It also sponsors activities that encourage free trade policies, and enhance the effectiveness of the food and agribusiness systems of emerging markets.

All applications undergo a competitive review process. Qualification requirements include cost sharing and justification for federal funding. Other review factors include the quality of the proposal, likely success of intended approach in target markets, knowledge of the market and similar activities in the region.

In addition, this week Secretary of Agriculture Mike Johanns will lead a trade and investment mission to Kazakhstan with the goal of promoting two-way trade and investment between the United States and Kazakhstan. Eighteen U.S. companies and associations will participate to advance their interest in selling and buying agricultural products from Kazakhstan, the largest economy in Central Asia, and in identifying investment partners and opportunities.

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