{"id":4001,"date":"2015-09-24T13:54:10","date_gmt":"2015-09-24T13:54:10","guid":{"rendered":"https:\/\/grains.org\/ltamex\/cafta-dr-10-year-anniversary-shows-value-of-trade-agreements\/"},"modified":"2015-09-24T13:54:10","modified_gmt":"2015-09-24T13:54:10","slug":"cafta-dr-10-year-anniversary-shows-value-of-trade-agreements","status":"publish","type":"post","link":"https:\/\/grains.org\/ltamex\/cafta-dr-10-year-anniversary-shows-value-of-trade-agreements\/","title":{"rendered":"CAFTA-DR 10-Year Anniversary Shows Value of Trade Agreements"},"content":{"rendered":"

A snack food company in Guatemala increasing production capacity and growing its export business into the Dominican Republic and Nicaragua may not sound like a free trade success story that involves the United States \u00e2\u20ac\u201c but it is.<\/p>\n

\u00e2\u20ac\u0153That snack food company in Guatemala buys No. 1 and No. 2 U.S. corn,\u00e2\u20ac\ufffd explained Marri Carrow, the U.S. Grains Council\u00e2\u20ac\u2122s regional director for the Western Hemisphere. \u00e2\u20ac\u0153Thanks to CAFTA-DR [the Dominican Republic-Central America-United States free trade agreement], the company has improved access to a reliable supply of U.S. corn \u00e2\u20ac\u201c corn that\u00e2\u20ac\u2122s at a tariff advantage and gives the company an edge in the marketplace.\u00e2\u20ac\ufffd<\/p>\n

That production and marketing edge helped the company grow, which meant new jobs, expanded exports and additional purchases of U.S. grain to meet the demand, Carrow said.<\/p>\n

\u00e2\u20ac\u0153It\u00e2\u20ac\u2122s exactly the type of story we like to hear,\u00e2\u20ac\ufffd she said. \u00e2\u20ac\u0153It fits perfectly with the Council\u00e2\u20ac\u2122s mission and shows how improved trade within one country can lead to expanded trade within an entire region.\u00e2\u20ac\ufffd<\/p>\n

This is just one of many success stories that have their roots in CAFTA-DR, an agreement that was finalized 10 years ago. It was implemented beginning in 2006 on a rolling basis across six countries: El Salvador, Guatemala, Honduras and Nicaragua in 2006; the Dominican Republic in 2007; and Costa Rica in 2009.<\/p>\n

There are nearly 50 million people in CAFTA-DR countries, about the same as South Korea, and according to the USDA\u00e2\u20ac\u2122s Foreign Agricultural Service (FAS), the six countries have a combined gross domestic product (GDP) of $317 billion, comparable to the GDP of Vietnam. Retail sales of food and beverages in the CAFTA-DR region are estimated at $45 billion, similar to the Philippines.<\/p>\n

According to Global Insight, the CAFTA-DR region\u00e2\u20ac\u2122s combined GDP is forecast to grow 21 percent to reach $386 billion by 2019. During that same time, total retail food and beverage sales are expected to increase 20 percent, and middle class households are projected to expand by 24 percent.<\/p>\n

\u00e2\u20ac\u0153The CAFTA-DR market is growing. It\u00e2\u20ac\u2122s gaining economic strength and growing its middle class purchasing power. And the fact we have a free trade agreement in place is good news for U.S. farmers and agribusinesses. It gives us a tariff advantage right in our backyard,\u00e2\u20ac\ufffd said Alan Tiemann, USGC chairman and a farmer in Nebraska.<\/p>\n

FAS year-end export figures show sales of U.S. corn to CAFTA-DR countries reached 3.5 million metric tons (137.8 million bushels) this year, a 19 percent increase over last year. When looked at together as one market, that total makes the CAFTA-DR region the fifth-largest market for U.S. corn.<\/p>\n

As for all agriculture products, FAS said in a March report that at a combined $4.4 billion, the CAFTA-DR countries rank as the seventh-largest agricultural market for U.S. exports. Led by prepared food, dairy, poultry and pork products, U.S. exports of consumer-oriented products more than tripled between 2006 and 2014, while total U.S. agricultural exports doubled during the same period, FAS said.<\/p>\n

\u00e2\u20ac\u0153Free trade agreements matter to agriculture, and we\u00e2\u20ac\u2122ve proved that time and again with CAFTA-DR and other agreements around the world,\u00e2\u20ac\ufffd Tiemann said. \u00e2\u20ac\u0153We must continue to work toward new agreements and keep them moving in the right direction.\u00e2\u20ac\ufffd<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

A snack food company in Guatemala increasing production capacity and growing its export business into the Dominican Republic and Nicaragua may not sound like a free trade success story that involves the United States \u00e2\u20ac\u201c but it is. \u00e2\u20ac\u0153That snack food company in Guatemala buys No. 1 and No. 2 U.S. corn,\u00e2\u20ac\ufffd explained Marri Carrow, … <\/p>\n

Continue reading “CAFTA-DR 10-Year Anniversary Shows Value of Trade Agreements”<\/span><\/a><\/p>\n","protected":false},"author":24,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[],"tags":[],"commodity":[12],"country":[],"region":[49],"topic":[],"class_list":["post-4001","post","type-post","status-publish","format-standard","hentry","commodity-corn","region-north-america"],"yoast_head":"\nCAFTA-DR 10-Year Anniversary Shows Value of Trade Agreements - Am\u00e9rica Latina<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/grains.org\/ltamex\/cafta-dr-10-year-anniversary-shows-value-of-trade-agreements\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CAFTA-DR 10-Year Anniversary Shows Value of Trade Agreements - Am\u00e9rica Latina\" \/>\n<meta property=\"og:description\" content=\"A snack food company in Guatemala increasing production capacity and growing its export business into the Dominican Republic and Nicaragua may not sound like a free trade success story that involves the United States \u00e2\u20ac\u201c but it is. \u00e2\u20ac\u0153That snack food company in Guatemala buys No. 1 and No. 2 U.S. corn,\u00e2\u20ac\ufffd explained Marri Carrow, … Continue reading "CAFTA-DR 10-Year Anniversary Shows Value of Trade Agreements"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/grains.org\/ltamex\/cafta-dr-10-year-anniversary-shows-value-of-trade-agreements\/\" \/>\n<meta property=\"og:site_name\" content=\"Am\u00e9rica Latina\" \/>\n<meta property=\"article:published_time\" content=\"2015-09-24T13:54:10+00:00\" \/>\n<meta name=\"author\" content=\"multilingual\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"multilingual\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/grains.org\/ltamex\/cafta-dr-10-year-anniversary-shows-value-of-trade-agreements\/\",\"url\":\"https:\/\/grains.org\/ltamex\/cafta-dr-10-year-anniversary-shows-value-of-trade-agreements\/\",\"name\":\"CAFTA-DR 10-Year Anniversary Shows Value of Trade Agreements - Am\u00e9rica Latina\",\"isPartOf\":{\"@id\":\"https:\/\/grains.org\/ltamex\/#website\"},\"datePublished\":\"2015-09-24T13:54:10+00:00\",\"author\":{\"@id\":\"https:\/\/grains.org\/ltamex\/#\/schema\/person\/c7eed22830d090af6fd2d84b2b0786c5\"},\"breadcrumb\":{\"@id\":\"https:\/\/grains.org\/ltamex\/cafta-dr-10-year-anniversary-shows-value-of-trade-agreements\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/grains.org\/ltamex\/cafta-dr-10-year-anniversary-shows-value-of-trade-agreements\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/grains.org\/ltamex\/cafta-dr-10-year-anniversary-shows-value-of-trade-agreements\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/grains.org\/ltamex\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"CAFTA-DR 10-Year Anniversary Shows Value of Trade Agreements\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/grains.org\/ltamex\/#website\",\"url\":\"https:\/\/grains.org\/ltamex\/\",\"name\":\"Am\u00e9rica Latina\",\"description\":\"DEVELOPING MARKETS. \\u2028ENABLING TRADE. 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