NewsWhore
08-29-2007, 05:30 PM
While textile exports from other Central American nations have fallen, none has seen the decrease suffered by the Dominican Republic, as reported in Diario Libre. Both the total value and the overall volume have been reduced in the face of the new global realities. Of the five Central American nations, only two, Guatemala and Costa Rica, saw their textile exports drop by 8.3% and 3.7% respectively. In contrast, the situation is much more serious in the Dominican Republic. Exports fell by 24% in the DR, while they grew from 5.4% to 22.2% in countries like Honduras, El Salvador, Haiti and Nicaragua. The figures published by the Dominican Central Bank show that the DR was the most prejudiced nation as a result of the reduced demand for textiles from United States buyers. Local manufacturers told Diario Libre that the lack of competitiveness, caused by the appreciation of the Dominican peso against the US dollar is the principal cause of the current situation.
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More... (http://www.dr1.com/index.html#3)