NewsWhore
08-14-2008, 03:50 PM
The trade deficit between the US and the DR in the first semester of the year grew by 81.84% in comparison to the same period in 2007. According to Hoy the trade deficit went from US$726 million to US$1.32 billion due to an increase in imports, and the relatively-strong Dominican peso. Imports were up from US$2.8 billion to US$3.3 billion. At the same time, exports were down 4.6%, going from US$2.1 billion to US$1.97 billion. The trade deficit is a recent phenomenon considering that in 2004 the DR had a trade surplus with the US of US$14 million. Compare this to the June 2008 alone monthly deficit of US$220 million. Since the implementation of DR-CAFTA Free Trade Agreement, the trade deficit has reached US$2.87 billion, according to Department of Commerce statistics.
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More... (http://www.dr1.com/index.html#10)