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Dominican Today, Dominican Republic, May 30, 2007

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European Union and CAFTA: Dominican exports grow most

MIAMI.- Dominican exports to the European Union last year grew faster than any other country within the DR-CAFTA trade pact, according to Latin Business Chronicle. Dominican exports grew by 39.6 percent to 663 million euro. Costa Rica saw the worst result within CAFTA. Its exports fell by 1.4 percent to 3.0 billion euro.

When it comes to imports from the EU, El Salvador is the champion. Its imports from the EU grew by 82.1 percent last year to 712 million euro. Nicaragua posted the worst performance, with Imports from the EU falling by 11.4 percent to 102 million euro.

Costa Rica is still the top trading partner for the EU within CAFTA, with total trade reaching 4.1 billion euro last year, an increase of 6.0 percent from 2005. The Dominican Republic is the second-largest EU partner in CAFTA, with 2006 trade of 1.5 billion euro, an increase of 20.6 percent from 2005.

Total EU trade with Latin America reached 141.1 billion euro last year, a 18.0 percent increase from 2005, according to data from EU statistics agency Eurostat. EU exports grew by 14.9 percent to 62.8 billion euro, while imports from Latin America expanded by 20.6 percent to 78.3 billion euro. Brazil is the top EU partner in Latin America, followed by Mexico.

Full story: www.latinbusinesschronicle.com/app/article.aspx?id=1273

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