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 Republic.
“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. Related Website
Subscribe here to the Pig Progress newsletter