Dominican exports to Haiti down 29%
According to statistics from the International Trade Centre (ITC), Dominican exports to Haiti are down 28.9% in 2015. This is a decline of US$421 million compared to 2014 when exports were US$1.42 billion. In 2015 exports were US$1.01 billion, as reported in El Dinero.
The decline came after the Haitian government banned overland exports of 23 leading Dominican products. The products are only allowed to enter by sea.
El Dinero states that the Dominican Republic Center for Exports and Investments (CEI-RD) has yet to release the official export-import statistics for 2015.
Listin Diario reports that a February 2016 study carried out by CIEF Consulting identified the technical and non-tariff barriers to trade between the DR and Haiti. The study was financed by the European Union as part of the 10th FED, the bi-national DR-Haiti trade program supported by Caribbean Export, a European Union agency.
Source: DR1, Eldinero
May 10, 2016
Category: DR News |