Dominica's Textile Exports To The United States Grow By 73%

U.S.A International Development Agency (USAID) sponsorship through the DR-CAFTA implementation plan, and invited the economist Nassin Jos Alemany Isaac to carry out the "DR-CAFTA agreement impact on the Dominica industry evaluation report" for the Dominica foreign trade department (Dicoex), referring to DR-CAFTA Implementation of the agreement Effective so far Dominican Exports to the United States grew by 73%.

Most of Dominica's industrial raw materials are imported from the United States and imported from the United States. Raw materials Dominica accounts for 40% of domestic demand, and Dominica's trade deficit with the United States is 78% of its imports from oil, machinery, automobiles, grain and plastic products.

While Dominica has a favorable balance of trade for the major US exports and its products are shoes, medical equipment, textiles, sucrose and cigars. The report also points out that the DR-CAFTA agreement is for Dominica and Central American countries. Trade Positive communication Effect Since the implementation of the agreement, Dominica's exports to Central American countries have grown by 53%.