Over the past decade the Dominican Republic has continued to grow into an important market for U.S. goods. In 2017 exports of American products increased one percent from the year before to $7.8 billion. “The Dominican Republic since 2007 has been a significant and growing export market for U.S. agricultural products,” said Under Secretary of Agriculture for Trade and Foreign Agricultural Affairs Ted McKinney.
Demand coming from the Dominican Republic, the ninth largest economy in Latin America, continues to be strong but appears to be constrained by trade agreement limitations. The Dominican Republic-Central America FTA allows the agriculture portion to be reviewed by a Dominican Republic panel, however McKinney noted that it was unlikely the agreement would be changed in the next few years. “Sure, there’s things that they’d like to have different, so would we, but in the aggregate it’s a terrific agreement and I think they came to that conclusion,” said McKinney.
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