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As required by U.S. statute, the United States maintains a trade embargo with Cuba. However, agricultural commodities are exempt provided that export transactions meet certain legal criteria.
This report details the steps which US exporters must navigate in order to successfully place their product in the Dominican market.
Looking for trade and economic data, trade regulations, service providers, or general background information on Cuba?
In December 2014 the United States embarked on a new diplomatic journey with Cuba, in the process rejuvenating U.S. agriculture’s interest in our southern neighbor.
Despite legislation limiting importation of genetically modified raw materials, the regulatory framework to implement that legislation never been finalized.
With over $1.3 billion in U.S. agricultural products exports to the DR, the country represents the sixth largest market for U.S. agricultural products in Latin America.
Dominican imports of dairy products exhibited strong across-the-board growth in 2014.
The Dominican Republic is now the fifth largest market for U.S. consumer oriented products in the Western Hemisphere with exports reaching $485 million in 2014.
Since the Trade Sanctions Reform and Export Enhancement Act (TSRA) was implemented in 2000, the United States has exported nearly $5 billion worth of agricultural products to Cuba.
During Marketing Year 2014/2015 (MY 2014/15) Post projects overall sugar production of 540,000 Metric Tons (MT), down from 561,324 MT produced during MY 2013/14.
Wheat consumption in the Dominican Republic during MY 2015/16 is forecast at 390,000 MT, with imports remaining strong at 520,000 MT.
The Dominican Government (GoDR) has implemented policies to foster the production and stability of the rice market.