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USTDA

After going to the Tradeport website, I have decided to do my paper on a US federal government agency. I explored a few of the agencies and decided to choose the US Trade and Development Agency.

The US Trade and Development Agency (TDA) is a small independent agency. It is comprised of about forty-one people. The director is Mr. J. Joseph Grandmaison, who was nominated by President Bill Clinton. The TDA with the help of the Trade Promotion Coordinating Committee works with the Department of Commerce, the Export-Import Bank, the Overseas Private Investment Corporation, and other agencies to advance American business interest in other countries. They are primarily involved in the agriculture, energy, environment, health care, information technology manufacturing, mining and mineral development, telecommunications, transportation, and water resources areas. This is the TDA Mission Statement:

The U. S. Trade and Development Agency assists in the creation of jobs for Americans by helping U.S. companies pursue overseas business opportunities. Through the funding of feasible studies, orientation visits, specialized training grants, business workshops, and various forms of technical assistance, we enable American businesses to


compete for infrastructure and industrial projects in middle-income and developing countries (1).

Below is a short summary of some of the things that should be included in the application of the TDA Feasible Study Model Format.

1) Face strong competition from foreign companies

There are no application fees for TDA services. However, in most feasible study grants, TDA requires that the company share the cost. If the project is implemented, then TDA requires reimbursement for their share of the study cost. " Because of its focused mission, TDA only considers projects that have potential to mature into significant business opportunities for US companies" (TDA Questions & Answers 1). For projects to be considered, they must:

4) Represent an opportunity for sales of US goods or services

TDA also sponsors conferences and reverse trade missions called "orientation visits". Both of theses activities familiarize foreign decision makers with American-made products and services, build business relationships, and encourage US companies to export to developing and middle-income countries (How TDA Works 2).



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Approximate Word count = 898
Approximate Pages = 4 (250 words per page double spaced)


  

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