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Trade

When exploiting its potential with both the United States and Europe, the Dominican Republic's excellent geographic location offers a definite comparative advantage. The DR is the US's principal trading partner in the Caribbean and Central American region. The DR has a reciprocal free trade agreement with the United States and Central America, the DR-CAFTA free trade agreement (Dominican Republic- Central American Free Trade Agreement).

Dominican exports also have duty-free entry to the 320 million affluent consumer market in the European Union (EU), the world's largest consumer market. Under the Economic Partnership Agreement, Dominican products have duty-free access to Europe. 

The DR also has a separate free trade agreement with the English-speaking Caribbean (Caricom) and Central America.

For more trade news and background, see the DR1 Trade website at http://www.dr1.com/trade

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