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Dominican exports increased by 20.5% last year
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Per the CENTER for Export and Investments
Exports grow 20.5%
Dominican exports over 2005 amounted to US$1.08 billion, a 20.5% increase compared to the US$897 million exported during 2004. There was a marked increase in the export of non-traditional products (53.1%), followed by minerals (34.3%) and traditional products such as cocoa, coffee, sugar and tobacco (12.5%), according to Diario Libre. A report by the Center for Export and Investment (CEI-RD) notes that Haiti has become the country's second largest trade partner after the US. CEI-RD Director Eddy Martinez attributed the growth in exports to the US economic recovery and the relative stability in Haiti. Non-traditional products include industrial, agricultural, agro-industrial and craft goods. Industrialized goods include construction materials, as well as rum, beer, and agro-industrial goods including cigars and wheat flour.
Listin Diario points out that this is the first time in 25 years that exports have been so high. According to Martinez, there is greater confidence of productive and export sectors in the new foreign trade policies adopted as a result of agreements signed by the country, in the context of a new international trade structure.
...and to think DR-CAFTA has yet to go into effect......
Dominican exports over 2005 amounted to US$1.08 billion, a 20.5% increase compared to the US$897 million exported during 2004. There was a marked increase in the export of non-traditional products (53.1%), followed by minerals (34.3%) and traditional products such as cocoa, coffee, sugar and tobacco (12.5%), according to Diario Libre. A report by the Center for Export and Investment (CEI-RD) notes that Haiti has become the country's second largest trade partner after the US. CEI-RD Director Eddy Martinez attributed the growth in exports to the US economic recovery and the relative stability in Haiti. Non-traditional products include industrial, agricultural, agro-industrial and craft goods. Industrialized goods include construction materials, as well as rum, beer, and agro-industrial goods including cigars and wheat flour.
Listin Diario points out that this is the first time in 25 years that exports have been so high. According to Martinez, there is greater confidence of productive and export sectors in the new foreign trade policies adopted as a result of agreements signed by the country, in the context of a new international trade structure.
...and to think DR-CAFTA has yet to go into effect......
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