Death of coral reefs spells trouble for tourism
Santo Domingo.- The U.S. Embassy’s chief of staff revealed Wednesday that Dominican Republic is one of the 10 most vulnerable countries from the threat posed by the death of more than 70% of its coral reefs, which threatens lives, communities and its tourism industry, from the risk to the beaches.
Daniel Foote said the threats could lead to losses as high as US$100 million in private investment in tourism structures built on beaches. “Virtually all of Dominican Republic’s marine resources are at risk and more than 70 percent of its reefs are dead.”
Speaking at the American Chamber of Commerce’s (Amcham-RD) traditional Thanksgiving luncheon at El Embajador hotel, Foote said the International Resources Institute determined that in 2010 Dominican Republic was losing its beaches at a pace that would result in major economic losses.
The diplomat said with income of US$4.5 billion, tourism is one of the economy’s most dynamic sectors, accounting for nearly 10% of GDP and more than 200,000 jobs in 2012.
He noted however that president Danilo Medina and the private sector have undertaken important initiatives, adding that Dominican Republic “isn’t alone in facing the challenges of global warming jointly and what it means for sustained economic development.”
Category: DR News |