The Caribbean Is A Sizable Export Opportunity
The Dominican Republic and the Caribbean imports $20.27 billion in U.S. goods and services. An agency of the U.S. Department of Commerce, the U.S. Commercial Service located in Santo Domingo, Dominican Republic promotes U.S. business interests in the region. Commercial officers with the agency provide market intelligence, trade counseling, contacts in the Caribbean, and find programs that assist with market access. It works with local U.S. Embassies in the Bahamas, Barbados and the Eastern Caribbean, Haiti, Jamaica, Trinidad and Tobago.
Exporting Goods To The Caribbean
CAFTA-DR ensures that most U.S.-made goods enter duty free to the Dominican Republic. It also strengthens protection for U.S. companies doing business in the area.
The Caribbean Basin Initiative (CBI) has established trade programs to facilitate export to the Caribbean.
Caribbean Export Development Agency (formerly CARICOM Export Development Project) is an organization of Caribbean nations that works to provide economic integration in the region. It harmonizes tariffs and provides duty-free trade among its 12 member-countries while promoting export opportunities.
The Caribbean is closely tied to South Florida by virtue of geography and a large U.S. immigrant population. Miami is a natural commercial hub serving the Caribbean, which as whole imports more than $22 billion in U.S. goods.