Opportunities for US pork in Dominican Republic
Thanks to the Dominican Republic-Central America
Free-Trade Agreement (DR-CAFTA), US exports are receiving improved market access
and the US Meat Export Federation has been actively working to build a greater
presence for US pork products in that area.
Tariff reductions and quota changes resulting from
DR-CAFTA are making US pork more affordable in this rapidly-developing market,
said Chad Russell, USMEF's regional director for Mexico and the Dominican
"With the new free-trade agreement, import quotas are going to
get bigger over time and duties are going to drop over time," Mr. Russell said.
"We believe there will be an increasingly beneficial opportunities in the future
because of that agreement."
Pork exports to the Dominican Republic have
more than tripled this year, reaching almost $12 million in value in the first
half of 2008. Mr. Russell says that while much of this growth has occurred at
the retail level, the Dominican Republic also holds great potential due to the
growing presence of restaurants, hotel and resorts.
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