Dominica's exports of US textile products grow rapidly

The United States Agency for International Development (USAID) sponsored the DR-CAFTA implementation plan and asked the economist Nassin José Alemany Isaac to refer to the Dominican Department of Foreign Trade (Dicoex) in the “DR-CAFTA Agreement Impact Assessment Report on the Dominican Industrial Sector”.

Implementation of the DR-CAFTA Agreement took effect so far, Dominican exports to the United States have grown by 73%.

Most of the Dominican industrial raw materials rely on imports from the United States. The raw materials imported by the United States account for even 40% of Dominican domestic demand.

In addition, 78% of Dominica’s trade deficit with the U.S. is due to imports of petroleum, machinery, automobiles, grain and PLASTIC PRODUCTS.

The Dominican Republic’s main export products and the trade surpluses of the United States are shoes, medical equipment, textiles, sucrose and tablets. The report also pointed out that the DR-CAFTA agreement has a positive effect on trade exchanges between Dominica and Central American countries.

Since the implementation of the agreement, Dominican exports to Central American countries have grown by 53%.