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In 2018, the Dominican Republic produced 644 thousand tons of avocado (it is the 2nd largest producer in the world), 1 million tons of papaya (it is the 4th largest producer in the world), 5.2 million tons of sugarcane, 2.1 million tons of banana, 85 thousand tons of cocoa, 442 thousand tons of palm oil, 407 thousand tons of pineapple, 403 thousand tons of coconut, 627 thousand tons of rice ...
With the addition of the Dominican Republic, the trade group's largest economy, the region covered by CAFTA-DR is the second-largest Latin American export market for U.S. producers, behind only Mexico, buying $29 billion (~$36.4 billion in 2023) of goods in 2015. Two-way trade amounted to about $50 billion in the same year.
Location of the Dominican Republic. The Dominican Republic is a sovereign state occupying the eastern five-eighths of the island of Hispaniola, in the Greater Antilles archipelago in the Caribbean region. The country has the ninth-largest economy in Latin America and is the largest economy in the Caribbean and Central American region.
The Latin American economy is an export-based economy consisting of individual countries in the geographical regions of North America, Central America, South America, and the Caribbean. The socioeconomic patterns of what is now called Latin America were set in the colonial era when the region was controlled by the Spanish and Portuguese empires.
Historically, the Caribbean's banana industry has been one of the biggest exports; however, agriculture is beginning to decline in the world economy. Now, it is the exportation of labor that is on the rise in the Caribbean. Caribbean women are migrating to developed countries for the opportunity to study particularly in nursing programs.
Consumer Reports is a United States-based non-profit organization which conducts product testing and product research to collect information to share with consumers so that they can make more informed purchase decisions in any marketplace.
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The Dominican Republic [a] is a North American country located on the island of Hispaniola in the Greater Antilles of the Caribbean Sea in the North Atlantic Ocean.It shares a maritime border with Puerto Rico to the east and a land border with Haiti to the west, occupying the eastern five-eighths of Hispaniola which, along with Saint Martin, is one of only two islands in the Caribbean shared ...