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Exports to Europe grew 16% in three years

SANTO DOMINGO. The director of the Center for exports and Investment of the Dominican Republic (CEI – RD), Jean Alain Rodriguez, reported yesterday that the behavior of exports to Europe, exhibit a stupendous performance, and that during the period 2010 – 2013 they registered a sustainable growth, passing from some US$589 million in 2010 to US$702 million in 2013, representing an increase of 16% during this period.

As he opened the workshop on “How to Export to Europe,” the official also made it clear that the Dominican Republic is Europe’s second commercial partner in cacao beans and it occupies the first position in exports of fresh organic bananas.

In addition, he said that the Dominican Republic has a relevant position in terms of imports that Europe carries out, and he revealed that the country occupies the fifth place in exports of rum from sugarcane to the nations of the European Union, and it is the fourth supplier of medical equipment and in the position number three of exports of fresh bananas.

Before the opening of the workshop, in which several businessmen been took part in order to bring themselves up to date with respect to the demands of the European market, Rodriguez said that exports are going very well, that at the present time they are checking the numbers for 2014, and they have been able to observe a small increase.

“You have to understand, we are going very well, while in the world exports are falling, in the Dominican Republic they are increasing,” he indicated.

RD exports to 173 countries

He said that this country has 3700 lines of products which it exports to 173 countries, and he stressed that different from other years, when Dominican exports were concentrated in only five products which represented 80% of the overseas sales, now everything is different and the traditional products at the present time only occupied 20% of the exports.

He indicated that now Dominican exports are much more diversified, and they do not depend on just a few products.

“Particularly in Europe we are pretty strong, both in bananas as well as cacao, as well as in other items, there is everything. As a sector we are going pretty well. We are talking about the fact that we had a (GDP) 7.1% growth, which is the greatest growth of all Latin America, combined with an inflation rate of barely 1.58% which was the second lowest in Latin America,” stressed Rodriguez.

Workshop “How to Export to Europe”

The Center for Exports and Investment in the Dominican Republic (CEI – RD) reported that yesterday it held a free of charge training workshop on “How to Export to Europe,” in order to provide continuity to the goals laid out by the government of improving the export capacity of the country as a factor of its sustained economic growth. He said that in the workshop more than 500 exporters, potential exporters and professionals from the public and private sectors tied to overseas commerce took part.

Source: DiarioLibre

February 13, 2015

Category: DR News |

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