NewsWhore
03-04-2010, 02:40 PM
The Dominican Republic is ranked second behind Cuba in the Caribbean when it comes to trade with China. The DR exports ferronickel, scrap metal, rice, tobacco, cacao, coffee and bananas to China. Imports include machinery, tools, metal utensils, vehicles, motorcycles, textiles, apparel, school supplies, cell phones and computers. Trade between both nations grew from US$150 million in 2003 to more than US$800 million in 2009, Luis Gonzalez writes in Listin Diario. He makes the point that these figures do not include trade with Hong Kong and Taiwan that is tallied separately.
He writes that the Chinese are drinking more and more coffee, so prospects for increasing exports are there. There is also potential for increased exports of rum and tobacco.
Eddy Martinez of the Center for Exports & Investments (CEI-RD) says that there is only an Office for Trade Development for the DR in Beijing and not a full embassy, and this is an obstacle to increased trade. He said that many products were shipped via Panama.
More... (http://www.dr1.com/index.html#9)
He writes that the Chinese are drinking more and more coffee, so prospects for increasing exports are there. There is also potential for increased exports of rum and tobacco.
Eddy Martinez of the Center for Exports & Investments (CEI-RD) says that there is only an Office for Trade Development for the DR in Beijing and not a full embassy, and this is an obstacle to increased trade. He said that many products were shipped via Panama.
More... (http://www.dr1.com/index.html#9)