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In 2016, the Dominican Republic was the fifth-largest market, valued at almost $484 million, for U.S. consumer-oriented products in the Western Hemisphere after Canada, Mexico, Colombia and Chile.
Beans have been historically one of the most important agricultural products in the southwest region of the Dominican Republic, and also an important part of the Dominican diet.
For Marketing Year 2017/2018 (MY17/18), Post forecasts overall production to be higher than MY16/17, at 590,000 MT due to favorable weather conditions.
Driven by a dynamic tourism industry and solid domestic consumer demand, excellent opportunities exist for U.S. exporters in the DR’s food service sector.
The Dominican Republic is scheduling the import of Tariff Rate Quotas (TRQs) established under the CAFTA-DR for rice and powdered milk for Calendar Year 2017 (CY17).