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Manzanillo Port, Montecristi, from where the bananas shipped to Europe
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SANTO DOMINGO. – Foreign minister Carlos Morales said Dominican exports to the European market have topped US$600 million so far this year, which in his view is proof that signing the Association Economic Agreement (AAE) benefits country.

He said the profits are from banana, cacao, coffee, rum and lately sugar exports to the European Union, a market of 480 million consumers that, since the beginning of the year, began to receive provisionally Dominican products tariffs free. “This accomplishment is of significant importance for the Dominican Republic, especially at this time of economic crisis, that’s already felt at the world level.”

Morales, in a luncheon hosted for the presidents of the Senate and of the Chamber of Deputies, and the members of the Foreign Relations commissions, said once the Free Trade Agreement with Europe is ratified, the products and services of the pact’s signatory nations have access to the European Union market, free of duties and quotas.

As to the area of services, the official said many technicians, (cabinetmakers, plumbers, electricians, among others), as well as engineers and artists have been contracted for a period of six months, with automatic permits in several countries of Europe.

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5 comment(s)
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Written by: gouletcolonial, 21 Nov 2008 8:34 AM
From: Canada, Toronto ,Cabbagetown,Parliament and Gerrard
started slow and then will taper off to practically nothing in the current economic conditions mundial
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Written by: PuntaCanaMike, 21 Nov 2008 8:35 AM
From: Dominican Republic
So....to make that point valid...what were the exports in the given time...one year ago?
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Written by: juanb, 21 Nov 2008 9:26 AM
From: Dominican Republic
Does this figure include the drug shipments?
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Written by: dreadlocks, 21 Nov 2008 9:56 AM
From: United States
Yes, PuntaCanaMike, conveniently, he forgets to give us any figures from prior years. worse yet, he does not tell us about the situation with imports, which would illustrate if we have a more negative balance of trade than before.
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Written by: Trujillo, 24 Nov 2008 6:12 PM
From: Dominican Republic
Only $600 million in exports to the EU isn't something we should really be proud of. We should be exporting a lot more than that.
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