USTDA Launches Global Freight Rail Initiative
September 27, 2017
(USTDA)
ARLINGTON, VA – Today, the U.S. Trade and Development Agency launched its
Global Freight Rail Initiative to bolster the competitiveness of American
exporters that are vying to supply U.S.-manufactured rail equipment and services
to high-growth emerging markets around the world. Under the Initiative, USTDA
will utilize the full breadth of its proven toolkit to support American rail
industry jobs including: early stage project preparation assistance that informs
how emerging market rail projects will ultimately be designed, financed and
implemented; and reverse trade missions (RTM) that bring overseas
decision-makers to the United States to showcase the technological edge and
Made-in-the-USA quality and reliability that American rail companies offer.
“USTDA is excited to launch the Rail Initiative, which will support
high-paying U.S. manufacturing jobs across the country,” said USTDA Acting
Director Thomas R. Hardy. “American rail companies have outstanding products
and services that can advance the infrastructure goals of our partner countries.
Through the Rail Initiative, USTDA will help to make these products and services
accessible by introducing our partner countries to innovative, world-class
American-made rail goods, technologies and services.”
USTDA has a history of success generating exports of U.S.-manufactured rail
equipment. Recently, the Agency hosted a Brazilian delegation interested in rail
efficiency technologies that could support the safety and operational efficiency
of Brazil’s passenger and freight rail systems. The USTDA-hosted visit has, to
date, resulted in more than $50 million in U.S. exports of rail maintenance
equipment.
The projects supported under the Global Freight Rail Initiative will continue
building on this success, beginning with the recently completed China Freight
Rail Operations Reverse Trade Mission, which visited Indiana, Illinois and
Washington, D.C.
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