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Two key free trade agreements – the Dominican Republic-Central America Free Trade Agreement (or CAFTA-DR) and the U.S.-Panama Trade Promotion Agreement – have stimulated U.S. agricultural exports...
U.S. exporters enjoy a strong position in the Honduran market, in part thanks to the CAFTA-DR agreement.
The economy relies on foreign exchange generated by international trade, remittances, and the tourism sector.
During 2019, El Salvador continued strengthening its commercial ties with the United States as it imported about $567 million of agricultural products, which is 4 percent more than in 2018.
The Dominican Republic (DR) is the fifth-largest market for U.S. agricultural products in the Western Hemisphere, valued at $1.26 billion in 2019.
From January-October 2020, U.S. agricultural and related products exports to Costa Rica reached $591 million.
Despite Nicaragua’s ongoing social political crisis, there are still good opportunities for U.S. food exports.
This report provides information to U.S. exporters of agricultural and related products on how to do business in Panama.