World Bank eyes plan as exporters face 3.3% fall
Santo Domingo.- Dominican Exporters Association (Adoexpo) president Sadala Khoury on Monday said Dominican exports have been "severely affected" in recent months, on among other reasons, the Med-fly which prompted the United States ban on the entry of several farm products.
"Exports have been affected, the issue of the Mediterranean fruit fly, the issue of Haiti which has closed the border to us twice, the issue of low gold prices, plus Barrick?s lower production," Khoury said.
Moreover the Central Bank?s report on the economy for the first half said total national exports fell 3.3% and a -13.1% decline compared with the same period last year.
The Central Bank said the fall was due mostly to lower gold and silver exports and goods procured in ports. "In that sense, gold and silver exports continued to show falls, and decreased compared to the first half of 2014 at 21.6% and 62.8% respectively as a result of maintenance work on the country?s largest mining company since the beginning of this year."
To counter declining exports Adoexpo hosted a conference with World Bank Global Trade Practice and Competitiveness director Cecile Fruman, who diagnosed Dominican exports. "In this activity we concluded that we need a strategic export plan, which Adoexpo and the World Bank developed jointly with the Dominican government," she said.
She said the plan would seek to structure a formula to strategically develop exports, which Fruman notes that it now occurs without planning.
Santo Domingo.- Dominican Exporters Association (Adoexpo) president Sadala Khoury on Monday said Dominican exports have been "severely affected" in recent months, on among other reasons, the Med-fly which prompted the United States ban on the entry of several farm products.
"Exports have been affected, the issue of the Mediterranean fruit fly, the issue of Haiti which has closed the border to us twice, the issue of low gold prices, plus Barrick?s lower production," Khoury said.
Moreover the Central Bank?s report on the economy for the first half said total national exports fell 3.3% and a -13.1% decline compared with the same period last year.
The Central Bank said the fall was due mostly to lower gold and silver exports and goods procured in ports. "In that sense, gold and silver exports continued to show falls, and decreased compared to the first half of 2014 at 21.6% and 62.8% respectively as a result of maintenance work on the country?s largest mining company since the beginning of this year."
To counter declining exports Adoexpo hosted a conference with World Bank Global Trade Practice and Competitiveness director Cecile Fruman, who diagnosed Dominican exports. "In this activity we concluded that we need a strategic export plan, which Adoexpo and the World Bank developed jointly with the Dominican government," she said.
She said the plan would seek to structure a formula to strategically develop exports, which Fruman notes that it now occurs without planning.
