Haiti - Economy : All about trade flows between Haiti and DR
Over the past 15 years, Haiti has experienced a large deficit in its trade balance with the Dominican Republic, estimated in 2014: agricultural / agri-food products amount to $520 million (37%), textile / clothing products amount to $442 million (31%) and various products or $461 million (32%) for a total of $1,419 billion.
The 82-page report of the Center for Investment Facilitation (CFI), presented last September and released this week entitled "Trade Flows between Haiti and the Dominican Republic" presents the possibilities of rebalancing this deficit either by Import substitution or export development. Haiti has the potential to produce many of the products currently imported from DR, thus contributing to the creation of jobs and wealth in the country. At the same time, imports of DR goods in 2014 are valued at more than $17 billion, which is a huge market to exploit by Haiti.
