Caribbean Environment for U.S. Farm Exports
Despite the Caribbean region’s slow recovery from the global economic recession, U.S. farm exports to the region increased by 2.9 percent in 2010. The Caribbean has always been extremely receptive towards U.S. farm exports, but it remains to be seen how several regional initiatives, related to a common agricultural trade policy, food security, food safety norms, and biotechnology, will affect the regulatory environment for U.S. products. Third-country competition will undoubtedly play a significant role in the Caribbean market in coming years and bears monitoring. In addition, it will be important for U.S. exporters to stay in tune with regulatory developments in order to avoid potential issues.