U.S. pork and beef exports are receiving improved market access to the Dominican Republic. The Central America Free-Trade Agreement and efforts of the U.S. Meat Export Federation have assisted in building a greater presence for U.S. beef and pork in that area.
”Tariff reductions and quota changes are making U.S. beef and pork more affordable in this rapidly-developing market,” says Chad Russell, USMEF 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," Russell said.
Recent data on beef exports to the Dominican Republic suggest a growing market for higher-quality beef cuts. Although the 2008 volume of about 3 million pounds is roughly equal to the same period last year, the value has increased by about 40 percent to $8.85 million this year. Meanwhile, pork exports to the Dominican Republic have more than tripled this year, reaching almost $12 million in value in the first half of 2008.
Source: US AgNet