Negative trade balance after one month

[NewsWhore]

The Dominican Republic registered a negative trade balance at the end of the first month since the country entered the DR-CAFTA agreement. From 1 March to 30 March the DR imported US$311.8 million in goods while it exported US$188.9 million in goods, a difference of US$122.8 million. Customs technical sub-director Eduardo Rodriguez says he doesn't consider the figures to be alarming. Rodriguez says that the effects of DR-CAFTA should be evaluated after two or three years, which would provide a better reflection of the country's trade balance. Rodriguez also pointed out that the trade imbalance has been increasing since 2005 when China entered the US market free of textile quotas. There is also an imbalance in terms of investment, but Rodriguez says that it is only a matter of time before increased US investments make up for this.

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