Despite the Caribbean region’s slow recovery from the global economic recession, U.S. farm exports to the region increased by 2.9 percent in 2010. The Caribbean has always been extremely receptive towards U.S. farm exports, but it remains to be seen how several regional initiatives, related to a common agricultural trade policy, food security, food safety norms, and biotechnology, will affect the regulatory environment for U.S. products.
The Dominican Republic is the third largest market for high value products in the Western Hemisphere, right after Canada and Mexico. The CAFTA-DR agreement has strengthened the competitive position of the United States in the Dominican market. In addition, the agreement has contributed to improving the legal framework that regulates the relationship between U.S. suppliers and Dominican importers.