United States Trade and Development Agency Law and Legal Definition

The United States Trade and Development Agency (USTDA) is an independent federal foreign assistance agency that is funded by the U.S. Congress. The Agency promotes trade between the United States and developing countries to create jobs in the United States and to promote economic progress in poorer nations. However, the Agency simultaneously helps American businesses to export their products and services by creating U.S. jobs. Apart from that, it supports U.S. policy objectives related to development and capacity building activities.

The Agency was established in 1961 as the Trade and Development Program and was renamed in 1992. The Agency provides grant funding to overseas project sponsors for the planning of projects that support the development of modern infrastructure and an open trading system. The hallmark of the United States Trade and Development Agency development assistance involved building partnerships between American companies and overseas project sponsors in order to bring proven private sector solutions to developmental challenges.