P.l. 480 Agreement between Which Countries

When it comes to international trade agreements, there are a lot of complex terms and agreements that are difficult to understand. One of these agreements is the P.L. 480 agreement, also known as the Agricultural Trade Development and Assistance Act of 1954. This agreement has been in place for decades, and it`s important to understand what it is and which countries are involved.

The P.L. 480 agreement was established to provide assistance to countries in need of food aid, while also promoting trade relations between the United States and other nations. Essentially, this agreement allows the United States to provide food assistance to other countries, while also generating revenue for American farmers and businesses.

There are currently several countries that have P.L. 480 agreements in place with the United States. Some of these countries include:

1. Pakistan – In 2020, the United States provided over $70 million in food aid to Pakistan under the P.L. 480 agreement. This aid was intended to address food insecurity and malnutrition in the country.

2. Honduras – The United States has a long-standing P.L. 480 agreement with Honduras, which has helped to address food security challenges in the country. In 2019, the United States provided over $21 million in food aid to Honduras.

3. Ethiopia – Ethiopia is another country with a significant P.L. 480 agreement with the United States. In 2019, the United States provided over $400 million in food aid to the country, which was intended to address drought and other food security challenges.

4. Bangladesh – Under the P.L. 480 agreement, the United States has provided significant food aid to Bangladesh over the years. In 2020, the United States provided over $43 million in food aid to the country.

Overall, the P.L. 480 agreement is an important tool for promoting international trade relations while also addressing food security challenges in other countries. While there are many countries that have agreements in place with the United States, these are just a few examples of the impact that the P.L. 480 agreement can have on countries around the world. As this agreement continues to evolve and change over time, it will be important to keep a close eye on how it impacts both American farmers and businesses, as well as other countries in need of assistance.