U.S.-Dominican Republic Agricultural Trade: Growth and Opportunities Ahead The United States is a major trading partner with the Dominican Republic (DR). The DR is the largest economy in the Caribbean and the seventh-largest economy in Latin America. Since the Dominican Republic-Central America Free Trade Agreement (CAFTA-DR) went into effect for the DR in 2007, U.S. agricultural exports to the DR have increased from $1 billion in 2007 to $2 billion in 2024. The schedule called for the elimination of all tariffs on U.S. exports to the DR as of January 1, 2025. Consumer-oriented products comprise the largest percentage of U.S. agricultural exports to the DR, with potential for further growth as the DR's economy continues to expand. Please click here to read more >> |
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