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Panamanian consumers continue perceiving U.S. food products as high quality, wholesome and reliable, which has resulted in a continuous growth in demand of 14.8 % annually.
The Dominican Republic continues to be a strong market for U.S. bulk agricultural products, intermediate goods, as well as high value consumer-oriented products.
Panama has approved the imports of GM corn seeds for local production, and has conducted GM mosquitoes and salmon field tests.
According to major economic forecasts, Panama is expected to experience the greatest growth in the region during 2014, at an expected rate of 7.2 %, despite delays in the canal expansion project.
The Dominican Republic is the third largest market for US consumer oriented agricultural products in the Western Hemisphere, after Canada and Mexico respectively, with $489 million in imports in 2013.