Opportunities for U.S. Consumer-Oriented Products in CAFTA-DR and Panama The Dominican Republic-Central America Free Trade Agreement (CAFTA-DR)1 region and Panama combine to represent the seventh-largest market for U.S consumer-oriented products, totaling $3.7 billion in 2022. Free trade agreements (FTA) implemented with CAFTA-DR in 20062 and Panama in 2012 have increased the value of U.S. agricultural exports to the region by nearly fourfold. Significant differences in economic development and purchasing power exist between countries, leading to variation in the volume and composition of consumer-oriented exports. However, dairy, poultry, pork, and beef have been most successful at penetrating markets across the region, with continued growth prospects for these products as new consumers enter the middle class. Please click here to read more >> |
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