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Agroalimentaria 2017

Agroalimentaria 2017. Opportunities for Dominican Republic Products in CARICOM Markets. Presentation Outline. CARICOM-DR Trade Relationship Opportunities for DR Agro-Processed Products in CARICOM Issues Affecting Trade in Agro-Processed Goods Possible Trade Limitations for DR Exporters

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Agroalimentaria 2017

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  1. Agroalimentaria 2017 Opportunities for Dominican Republic Products in CARICOM Markets

  2. Presentation Outline • CARICOM-DR Trade Relationship • Opportunities for DR Agro-Processed Products in CARICOM • Issues Affecting Trade in Agro-Processed Goods • Possible Trade Limitations for DR Exporters • Main Recommendations

  3. CARICOM – DR Trade Relationship • CARICOM and the Dominican Republic signed a free trade agreement in 1998 (CARICOM-DR FTA), which includes the free access to goods, the establishment of rules of origin, and the preservation and promotion of investment between the parties. • In 2015 total trade between Dominican Republic and CARICOM was approximately USD $1.8 billion • More than USD $ 0.5 billion trade balance in favor of the Dominican republic • Agro-processed goods account for 21% of total CARICOM-DR trade

  4. CARICOM-DR Trade Relationship • Top agro-processed products exported from DR to CARICOM • condiments, flour, beverages and spirits, pastries, vegetable fats and oils, vegetables, cereals, sausages, Bananas and plantains (fresh or dried), rice and live poultry, sugar confectionery, fruits and nuts etc. • Top agro-processed products exported from CARICOM countries to the DR • Cereals, nuts fresh or dried, coconut oils, rice, cane/beet sugar, sugar confectionaries , unmanufactured tobaccos, pasta, margarines (animal and vegetable fats), frozen fish, pastry, breads and cakes and condiments

  5. CARICOM’s Imports of Agro-Processed Goodsby Country

  6. DR Agro-processed exports to CARICOM by Importing Country - 2015

  7. Opportunities for DR Agro-Processed Products in CARICOM • These products represent the fastest growing DR Exports to CARICOM: • Undenatured ethyl alcohol < 80% and other spirits • Waters, incl. mineral waters • Cigars,Cigarettes of tobacco or of tobacco substitutes • Meat - excluding sausages and similar products • Ciders and other fermented beverages • Preparations of a kind used in animal feeding • Cocoa powder, not containing added sugar or other sweetening matter • Sauces, mixed seasonings and mixed condiments • Cereal products

  8. Issues Affecting Trade in Agro-Processed Goods • Value chains are characterized by a large number of small operators (few economies of scale), resistant to strategic partnerships • Productive inefficiencies • Lack of adequate market intelligence • High transportation cost • Difficulty meeting food quality and safety requirements • Inadequate business support services

  9. Possible Trade Limitations for DR Exporters in CARICOM Markets • Non – tariff barriers • High Transportation costs • Cultural and idiomatic differences between the Dominican Republic and CARICOM countries • Lack of knowledge of the import/export process and of the available products for trade by both parties. • High administrative costs on both sides

  10. The main recommendations: • SMEs need to make their product and services offers known regionally • Businesses need to ensure their products comply with all types of regulations and they need to obtain all necessary licenses for trade • Both sides need to develop a roadmap towards import permits, certifications and licenses process for intra-regional trade which will allow SMEs to better understand and execute the regulatory framework.

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