Dominican Republic: Dominican Republic Inflation Mitigation Measures To Boost Competition Against US Agricultural Products

  |   Attaché Report (GAIN)   |   DR2022-0006

Link to report:

Dominican Republic: Dominican Republic Inflation Mitigation Measures To Boost Competition Against US Agricultural Products

On March 7, 2022, President Luis Abinader addressed the nation to announce 10 policy measures to ease inflationary pressures in the Dominican Republic (DR) due to the lingering effect of the COVID-19 pandemic and the ongoing conflict between Russia and Ukraine. According to the Central Bank of the Dominican Republic, in 2021, the DR recorded its highest inflation rate of 8.5 percent in over 14 years, as food prices continue to rise sharply during the first quarter of 2022. But despite policy measures that are aimed at lowering retail prices in DR, two of the measures will have the secondary effect of easing competition for non-U.S. agricultural products by cutting tariff rates to zero and subsidizing the imports of inputs, even from non-CAFTA -DR signatories.

Exporting
Western Hemisphere, Dominican Republic

Database Source:

Related Reports

View More
Attaché Report (GAIN)

European Union: European Union Finalizes New Rules for Packaging and Packaging Waste Reduction: TEST EDIT

In March 2024, the Council of the European Union and European Parliament concluded negotiations on the EU’s Packaging and Packaging Regulation. The current text is going through a legal review but is now de-facto final and is expected to be formally adopted in the coming months. TEST EDIT
Attaché Report (GAIN)

Canada: Canada Implements a Federal Plastics Registry

On April 22, 2024, Canada announced the implementation of a Federal Plastic Registry to monitor the types and volumes of plastic products, including plastic packaging used in agriculture and food manufacturing, through their life cycle on the Canadian market.
Attaché Report (GAIN)

Thailand: Rice Price - Weekly

Rice export prices increased one percent as exporters are securing rice supplies to fulfill contracted shipment despite the weakening of the Thai baht.