On March 1, 2007 the Central American Free Trade Agreement (CAFTA)-DR Free Trade Agreement was implemented allowing almost 80% of U.S. goods to enter the DR duty free. The U.S. has an approximately 43% market share in the Dominican Republic, with approximately 70% of consumer goods imported into the Dominican republic coming from the United States.
The Dominican Republic is the 9th largest market in the Western Hemisphere for US exports after Canada, Mexico, Brazil, Colombia, Chile, Venezuela, Argentina and Peru. Bi-lateral trade between the United States and the DR amounted to US$ 11.46 billion in 2012. The economy is based on tourism, agriculture and service industries.
Business Insight Reports
MBDA Global Business Center
MBDA has global business development experts throughout our national network of business centers, anchored by an MBDA Global Business Center located in San Antonio, Texas. The MBDA Global Business Center conducts international capabilities assessments, identifies international opportunities, assists with global matchmaking in certain markets, and helps conduct market identification and research.
If you want to learn about global business, and believe your product or service can be sold abroad, your first stop should be an MBDA Business Center. Contact David Leister, Project Manager of the MBDA Global Business Center at email@example.com or 210-458-2480.