In recognition of American Feed Trade Affiliation‘s (AFIA) dedication to international market entry, the group has been awarded over $170,000 in federal funding to additional help its initiatives in 2024. The funding, by means of the U.S. Division of Agriculture International Agricultural Service’s (FAS) Market Entry Program (MAP), can be used to develop and implement packages that improve market entry for U.S. feed merchandise in worldwide markets. This contains extra alternatives to broaden market entry in and help the export of U.S. animal meals merchandise to Vietnam and China.
Aims of the funding
The federal funding awarded to AFIA goals to attain a number of key aims:
- Selling U.S. feed merchandise: The funding will allow AFIA to advertise U.S. feed merchandise in worldwide markets, showcasing their high quality, security, and dietary worth. This may assist to extend demand for U.S. feed merchandise and open up new market alternatives for the business.
- Addressing commerce boundaries: AFIA will use the funding to deal with commerce boundaries and regulatory challenges that hinder market entry for U.S. feed merchandise. This contains partaking with authorities companies, business stakeholders, and worldwide organizations to advocate for truthful and science-based commerce insurance policies.
- Market analysis and evaluation: AFIA will conduct market analysis and evaluation to determine rising traits, client preferences, and regulatory necessities in goal markets. This info will assist feed business stakeholders make knowledgeable choices and tailor their merchandise to satisfy the precise wants of worldwide prospects.
- Technical help and capability constructing: The funding will help AFIA’s efforts to supply technical help and capability constructing packages to worldwide companions. This contains sharing greatest practices, conducting coaching packages, and facilitating information change to boost the standard and security of feed merchandise worldwide.
The federal funding awarded to AFIA to help international market entry alternatives is a big milestone for the feed business. It displays the significance of worldwide commerce for the business’s progress and sustainability. With this funding, AFIA will have the ability to improve market entry for U.S. feed merchandise, deal with commerce boundaries, conduct market analysis, and supply technical help to worldwide companions. The advantages of this funding will prolong to feed business stakeholders, together with producers, exporters, and different key gamers. Total, this funding will contribute to the continued progress and success of the feed business on a world scale.
