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Dominican Republic exports jump 8.53% in 1Q

Santo Domingo.- Dominican Republic Export and Investment Center director (CEI-RD) Jean Alain Rodríguez on Tuesday announced a 8.53% jump in exports during the first quarter, paced by industrial products.

The official, speaking in a breakfast with economic editors, revealed his agency’s key accomplishments during the first 20 months heading the entity.

He said president Danilo Medina instructed him to strengthen Dominican exports and to implement the policies for the country to attract investments which create good jobs Dominicans demand.

He said the increase results from 10.14% more domestic exports and 7.18% in industrial and special free zones.

Rodriguez said exports of medical devices soared 1,390.4%; finished footwear (1,311.7%); bauxite (100.0%); cut parts for t-shirts (66.6%); bras (58.2%); scrap copper (54.8%); bananas (56.7%); gold and silver (dore) (49.5%); raw cacao (46.7%); rebar, iron and steel bars (39.2%).)

He said the increase isn’t just of Dominican Republic’s exports, but also its customer base and commercial markets at regional and global levels, which he affirms will positively impact the economy and in turn, on the life of Dominicans.

During his speech at CEI-RD headquarters in Santo Domingo, Rodriguez listed the climb in exports and investment, and the creation of the one-stop Exporter and Investment Bank, as the main accomplishments of his tenure.

Source: DT

Category: DR News |

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Last updated October 21, 2016 at 11:32 PM
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