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USDA SIGNS P.L. 480, TITLE I, AGREEMENT FOR WHEAT SALES TO JORDAN

WASHINGTON, July 28, 2003 -- The U.S. Department of Agriculture today announced the signing of a Public Law 480, Title I, agreement with the government of Jordan for the sale of U.S. wheat.

The agreement provides $20 million for the sale of about 135,700 metric tons of wheat. After purchasing the U.S. wheat, the government of Jordan will then sell the wheat in Jordan. The revenues will be used for the National Aid Fund to support low-income families, the poor and farmers. Revenues will also be used to finance projects to stop landslides, develop water resources and pastures, create sustainable employment, construct dams, build agricultural roads and foster private sector participation in agricultural trade in Jordan.

The fiscal year 2003 agreement with Jordan was signed on July 16, 2003. The supply year is fiscal 2003. The Foreign Agricultural Service will announce purchase authorizations, and sales will be made by private U.S. traders on a competitive-bid basis.

The P.L. 480, Title I, program provides for sales of U.S. agricultural commodities on concessional credit terms to governments and private entities in developing countries that have demonstrated the potential to become commercial markets, are undertaking measures to improve their food security and agricultural development, and show the greatest need for food. This year, USDA expects to provide concessional financing for around 735,000 tons of U.S. commodities to 17 countries under Title I.

For further information, contact Katrina Reid of FAS at (202) 720-7507,or by e-mail at Katrina.Reid@fas.usda.gov.

FAS news releases are available on the Internet at http://www.fas.usda.gov.

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PR 0118-03



 
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