NewsWhore
05-08-2007, 06:20 PM
Listin Diario writes that the exports of apparel produced within the country's free trade zones (FTZ) have registered a major drop off, the largest decrease among DR-CAFTA signatory countries. Over the last two years, it is estimated that the DR has lost about 50,000 jobs in the textile industry. According to the Major Shippers Report, for the first two months of the year the DR experienced a decrease of 23.63% in the volume of apparel exports and an 18.45% decrease in value. This decrease pushes the DR to the 14th position among countries that export apparel to the US and 12th in terms of value. The value of the country's exports in the first two months of 2006 was US$207.14 million but during the same period for 2007 the value dropped to US$168.93 million. Part of the reason for the decrease in the value of DR exports is the higher labor and electricity costs, plus a perceived overvalued peso, as well as competition from China and lower-cost production centers in Central America.
See http://otexa.ita.doc.gov/prelimadmin/msrcty/a2470.htm
More... (http://www.dr1.com/index.html#14)
See http://otexa.ita.doc.gov/prelimadmin/msrcty/a2470.htm
More... (http://www.dr1.com/index.html#14)