Sec. 1004. Encouragement of United States business participation
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Congress finds the following: United States businesses, including international development firms, are significant contributors to humanitarian relief and broad-based economic growth in developing countries, through— the donation of financial resources, technology, goods, and services; the sharing of training, technical, managerial, and business skills; the investment of capital and the development of trade relationships; the establishment and maintenance of partnerships with the governments of developing countries, local communities, and civil society organizations; partnering with local businesses and entrepreneurs; the expansion of job opportunities in impoverished communities; and the encouragement of private sector development and of the legal and institutional framework to support such development.
Such businesses are often staffed by individuals with a strong commitment to and knowledge of developing countries, many of whom have served overseas, and who bring American values, know-how, and spirit of innovation. While some United States businesses have a long history of engagement with international development, bringing extensive experience, strong local ties and a proven track record of achievement, many others seek to establish first-time partnerships and new joint ventures.
By leveraging contributions of United States businesses and facilitating public-private partnerships, the United States Government can maximize the impact of its efforts to improve social and economic conditions in developing countries. It is the policy of the United States to— encourage and facilitate, to the maximum extent practicable, participation by United States businesses in achieving the purposes of this title; promote awareness by United States businesses, including small businesses, of opportunities to promote economic growth and expand markets in developing countries; facilitate partnerships between United States business and international and local nongovernmental organizations, including private and voluntary organizations, community and faith-based organizations, charitable foundations, labor unions, cooperatives, credit unions, and educational and research institutions, to reduce poverty and alleviate human suffering; build strategic alliances with United States businesses, drawing on their unique assets and experience, to solve complex problems in developing countries; and co-design, co-fund, and co-manage projects and strategies with United States business partners to meet jointly agreed development objectives.