Haiti ban cuts Dominican exports by US$222.6M
Santo Domingo.- The unilateral ban on the entry of certain local products, as well as the deterioration of the economy of Haiti have caused Dominican exports to that country to decline US$222.6 million in the last five years.
The sales of national products and free zones were in full swing to the country’s second-biggest trading partner in 2014, when they reached US$1.04 billion.
But the joy began to fade in October of the following year (2015) when Haiti announced a ban on entry by land of 23 agricultural and construction products.
The effect was immediate. That same year the sale of goods to Haiti fell US$49 million and then again by US$218 million in 2016, maintaining concern thus far.