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Emerging Markets Program

Published on AidPage by IDILOGIC on Jun 24, 2005

Administered by:

US Federal Government Agency (see all agencies)
Department of Agriculture , Foreign Agricultural Service
CFDA #: 10.603

Program accomplishments...

EMP receives a large number of project proposals, from both government and private organizations, for funding each year, well beyond the amount of funding available. The Program has also seen significant increases in the level of private participant?s cost share. In order to operate more efficiently and ease the application and reimbursement process for participants, EMP has converted these functions into an online system. EMP is also in the process of developing regulations for the program and plans to have them successfully completed for the 2004 application period. For fiscal year 2003, EMP funded 62 out of 96 private sector proposals. Approved activities ranged from market research and training to addressing technical barriers such as in biotechnology and in promoting direct sales. For example, in fiscal year 2003 approval was given to a project to promote contacts between Chinese firms and Wisconsin businesses that builds upon previous funding from the EMP that resulted in over $2 million in direct sales to Wisconsin firms. Also, Hawaii will undertake, with support from the EMP, a feasibility study to export specialty products to China in a continuing effort to diversify Hawaii?s agricultural base. For other USDA agencies, the EMP has provided support to ongoing training of Mexican inspectors to facilitate U.S. exports into Mexico, and to study Brazil?s venture of expanding soybean production into the savannah. For fiscal year 2004, EMP again anticipates high demand for use of its program funds and expects to allocate the entire $10 million to new projects.