NewsWhore
03-26-2009, 06:20 PM
The Dominican Republic's trade deficit with Brazil totaled US$316 million in 2008, according to the president of the Dominican-Brazilian Chamber of Commerce, Domingo Santana, as reported in El Caribe. He said that exports to Brazil are only US$6 million, while DR imports reached US$322 million in 2008. Santana explained the DR is primarily importing food, ceramics, minerals and pharmaceuticals. The DR is exporting medical equipment and cigars. "Brazil has much more to sell us," he said. Santana urged the government to look into the situation and to implement measures aimed at stimulating Dominican exporters. He said the Chamber is working on an innovative financing mechanism to stimulate new Dominican exports through the Superintendence of Values.
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More... (http://www.dr1.com/index.html#4)