One of the top priorities of the Dominican Republic is to formalize trade with Haiti, said Dominican Foreign Minister

Posted by on Wednesday, December 20, 2017 Under: Haiti/Dominican relations
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Dominican Foreign Minister Miguel Vargas said yesterday that one of the top priorities of his government is to formalize trade relations with neighboring Haiti, something that, in his opinion, will contribute to the Laredo Initiative, a project to develop the common border with the support of the United States. 

While speaking as a guest speaker at an activity of the Dominican Association of Exporters (Adoexpo), Vargas expressed concern about the decline of Dominican exports to Haiti, which in the period 2015-2016 fell by 20%. From $1.4 billion  to $832 million.

Since 2012, Haitian authorities have been expanding its lists of Dominican products that are not allowed in the country, in order to boost national production.

On the other hand, Vargas said that Canada, Mexico, Cuba, Chile, Colombia, Ecuador and Jamaica, among other countries, are interested in "seeking some form of preferential trade relationship with the Dominican Republic." 

Regarding the neighboring island of Puerto Rico, the Dominican foreign minister said that "historically the market potential has not been exploited", since, he explained, most Dominican products do not have the records required by the federal authorities of the United States, but he advocated an action plan to overcome these obstacles. 

Haiti is which shares the Island of Hispaniola with the Dominican Republic, is the latter second most important trading partner behind the United States. 

In : Haiti/Dominican relations