Food for progress program
Food for progress program: a United States program established under the Food Security Act of 1985. It encourages agricultural policy reform in developing countries through food donations and sales at concessional prices. Commodities are provided under this program to developing countries and emerging democracies that have committed themselves to some elements of free enterprise in their agricultural economies. All edible commodities managed by the Commodity Credit Corporation are eligible for exports under this program. The Farm Security and Rural Investment Act of 2002 renewed the program until 2007.
Source: http://ctrc.sice.oas.org/trc/WTO/Documents/Dictionary%20of%20trade%20%20policy%20terms.pdf
Web site to visit: http://ctrc.sice.oas.org
Author of the text: W. Goode
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