U.S. Secretary of Agriculture Sonny Perdue announced USDA has awarded $200 million in funding for the Agricultural Trade Promotion Program. It is part of the administration’s trade mitigation package and designed to address the effects of trade retaliation on exports. It will be disseminated by the Foreign Ag Service to 57 organization, with the U.S. Meat Export Federation receiving $17.6 million President and CEO Dan Halstrom is pleased and says it will help U.S. agriculture which is facing an extremely competitive trade environment.
He’s says they’ll be using the trade promotion dollars to target new and emerging markets, such as in Africa.
Halstrom says they will also be targeting Japan with export promotions in 2019 and hope the U.S. can strike a bilateral deal to help with those efforts.
The Agricultural Trade Promotion Program provides additional funding to help U.S. exporters develop new markets and helps mitigate the adverse effects of other countries tariff and non-tariff barriers.
