NewsWhore
09-12-2011, 04:30 PM
Investors from China and Brazil have been setting up operations in Dominican Republic free zones to make the most of the free trade agreements with the United States, Europe and Central America, as reported in Hoy. Jose Torres of the Dominican Free Zone Association (Adozona) said that exports of footwear, pharmaceuticals and medical device exports are up. Torres said that medical devices are now the leading free zone export. Statistics for the first half of the year show exports are up 13.5%.
Footwear has bounced back, with a 47.8% increase this year, and Torres said the DR is now among the top exporters of footwear in the world, thanks to Chinese and Brazilian investments. Shoes are making the most of rules of origin for DR-CAFTA and the Economic Partnership Agreement with Europe (EPA). He said that shoes made here are selling for US$200 in the US and EUR200 in Europe. Torres said that while exports are up, there is a cautious attitude because the US, the DR's main training partner, is in a delicate economic situation.
More... (http://www.dr1.com/index.html#6)
Footwear has bounced back, with a 47.8% increase this year, and Torres said the DR is now among the top exporters of footwear in the world, thanks to Chinese and Brazilian investments. Shoes are making the most of rules of origin for DR-CAFTA and the Economic Partnership Agreement with Europe (EPA). He said that shoes made here are selling for US$200 in the US and EUR200 in Europe. Torres said that while exports are up, there is a cautious attitude because the US, the DR's main training partner, is in a delicate economic situation.
More... (http://www.dr1.com/index.html#6)