Strengthening export capacity of local agro-producers

The Caribbean Development Bank (CDB) has launched a new project to be implemented in the Dominican Republic funded by the CARIFORUM-European Union (EU), Economic Partnership Agreement (EPA), CARICOM Single Market and Economy (CSME) and Standby Facility for Capacity Building.

The project, entitled ‘Strengthening the Export Capacity of Agro-Producers” in the Dominican Republic to access the European Union and CARIFORUM Markets, is providing an export boost for local agri-producers. The project was officially launched last Wednesday (July 20).

It is being implemented by the Ministry of Industry, Trade and MSMEs, through the vice Ministry of Foreign Trade (VICOMEX) and the Dominican Association of Exporters (ADOEXPO). The two-year initiative provides €324,806 in technical assistance.

PROJECT TO CONTRIBUTE TO IMPROVING FOOD SECURITY

Through the project, the people of the Dominican Republic will benefit from enhanced access to regional and international markets due to a strengthened sanitary and phytosanitary framework with the implementation of a robust food traceability and food safety management system.

By closing these gaps in the trade of agricultural commodities, the project will directly contribute to improving food security, which is one of the most concerning challenges that the region faces.

It will also support efforts by the Dominican Republic to reach its individual targets under the United Nations 2030 Agenda for Sustainable Development.