Friday, March 21, 2025

U.S.-Dominican Republic Agricultural Trade: Growth and Opportunities Ahead

Photo of a container ship at sea

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. 

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