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Over the past 11 years (2004-2013) U.S. exports to the Caribbean Island Basin of consumer-oriented products and fish products have averaged over 10 percent annual growth.
Biotech regulation has been virtually non-existent in the Caribbean. That may change in the years ahead as twelve Caribbean Community (CARICOM) countries move forward with UN Biosafety Frameworks.
Panama has approved the imports of GM corn seeds for local production, and has conducted GM mosquitoes and salmon field tests.
With implementation of the CAFTA-DR agreement, U.S. agricultural exports to the region have surged and continued growth is expected.