NewsWhore
10-19-2007, 03:20 PM
The trade deficit between the DR and El Salvador is increasing. In 2006 the DR exported US$5 million to El Salvador while importing US$49.2 million in goods, according to Listin Diario. During the first three months of the year imports have been at US$19.5 million while exports are at US$1.7 million. This trend concerns Salvadoran officials. Ernesto Ferreiro, Salvadoran ambassador to the DR, says that the trade balance is now significantly unfavorable to the DR when it should be two-way. Ferreiro says that because of this El Salvador is suggesting that a mission of Dominican business representatives should go to El Salvador to examine ways in which Dominican business can make the most of the free trade agreement with Central America and opportunities under DR-CAFTA.
Ferrerio says that El Salvador has been making DR-CAFTA work for them and has increased ethnic exports to the US market. El Salvador exported close to US$1.5 million in goods to the eastern United States. Two million Salvadorans live in the US, an existing market for products. According to the diplomat when missions go to El Salvador, the Salvadoran government covers 50% of airfare and expenses.
More... (http://www.dr1.com/index.html#10)
Ferrerio says that El Salvador has been making DR-CAFTA work for them and has increased ethnic exports to the US market. El Salvador exported close to US$1.5 million in goods to the eastern United States. Two million Salvadorans live in the US, an existing market for products. According to the diplomat when missions go to El Salvador, the Salvadoran government covers 50% of airfare and expenses.
More... (http://www.dr1.com/index.html#10)