Ingresar
Central America-Dominican Republic Trade Mission
By Guzmán Ariza, Attorneys at Law
The U.S. Department of Agriculture’s Under Secretary for Trade and Foreign Agricultural Affairs Alexis M. Taylor launched a regional agribusiness trade mission to develop stronger ties and build economic partnerships between the United States and markets throughout the Dominican Republic-Central America Free Trade Agreement (CAFTA-DR) region.
Agricultural product exports to the CAFTA-DR member countries topped $8.8 billion in 2022, supporting the record $196 billion in total agricultural exports from the United States last year. U.S. agricultural exports to the Dominican Republic reached an all-time record of $2.2 billion in 2022; a 14 percent increase from the previous record set in 2021. The increase in U.S. exports was driven mainly by increased demand for consumer-oriented products. The top U.S. agricultural export to the Dominican Republic in 2022 was the category for pork and pork products, reaching $234 million in 2022. This is a 55 percent increase from $151 million exported in 2021
Business meetings were carried out between U.S. trade mission delegates and companies from the Dominican Republic, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama.
The economy of the Dominican Republic, which is the third-largest market for U.S. consumer-oriented products in the Western Hemisphere and the 15th globally for agricultural and related products, has bounced back due to the opening of the tourism, hotel, and restaurant sectors. During the first 10 months of 2022, the demand for consumer-oriented products increased over 20 percent from the same period last year.
Guzmán Ariza, Attorneys at Law
Guzmán Ariza is a leading full-service law firm in the Dominican Republic, consistently ranked among the country’s top-tier firms by the most prominent global legal directories such as Chambers and Partners and The Legal 500.
With ten strategically located offices across the nation's principal business and tourism hubs, we are uniquely positioned to support clients in seizing opportunities within the largest and fastest-growing economy in Central America and the Caribbean.
Our multilingual team is well-versed in advising international clients across a broad spectrum of practice areas. In the field of intellectual property, we offer robust counsel and representation in both commercial transactions and litigation. Our services cover trademark and trade name protection, copyright and patent registration and enforcement, as well as licensing, assignments, and the transfer of IP rights.
Guzmán Ariza is globally connected through active memberships in prominent international legal networks, enabling us to effectively support cross-border matters and multinational transactions.