DR makes most of EPA

[NewsWhore]

As arguments rage on about the EPA agreement between the EU and CARIFORUM, the DR is wasting no time in making the most of the trade pact. This week the country sent 12,048 metric tons of sugar to Europe and during October a second ship containing 20,373 metric tons of sugar worth US$19.3 million will sail to Europe. Dominican Sugar Institute (INAZUCAR) president Faustino Jimenez says the shipment of sugar represents the first steps in a new relationship with Europe, adding that it is a turning point that will positively affect the Dominican sugar sector and the Dominican economy. There are expectations that the DR could double or triple its sugar exports to Europe in 2009 and 2010. The Caribbean has a 60,000-ton sugar quota to Europe, as part of the agreement, of which 30,000 tons correspond to the DR.

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