The Dominican ambassador to the European Community, Federico Cuello, told reporters that the nation was looking to enter the European sugar market. The strategy, as outlined by the ambassador, is to complete the unfulfilled ACP group (Africa, Caribbean and Pacific countries) quotas. Cuello called the move potentially “interesting” for the Dominican sugar sector, since it would open doors for further incursions in the market. When the Dominican Republic was admitted into the Lome Agreement, it had to renounce participation in the European sugar market as a condition of acceptance. What ambassador Cuello is trying to achieve is a sort of “gentlemen’s agreement” that would allow the DR to fill those unfulfilled quotas. At the moment, the European market offers better prices than the United States preferential market. Cuello says that several of the ACP countries have not been able to fulfill their quotas for various reasons, which offers the Dominican Republic a foothold in the market. The price in the EU is currently ?43.60 per ton while on the US commodity markets sugar is being quoted at just US$20.00, according to Hoy.