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- (-) July 2022
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On July 6, the Government of Costa Rica published a draft executive decree that would dramatically reduce tariffs on imported milled and rough rice. The vast majority of U.S. rice exported to Costa Rica in 2021 (valued at $25 million) entered under a duty free quota for rough rice established by the Dominican Republic-Central America Free Trade Agreement.
With implementation of the CAFTA-DR agreement, U.S. agricultural exports to the region have surged and continued growth is expected.