USD 660.1 million until September 2024

by time news

Despite diplomatic tensions and the crisis in Haiti, trade with the Dominican Republic remains strong.

Despite an economic, political and social crisis marked by instability, Haiti remains one of the Dominican Republic’s main trading partners. Until September 2024, Dominican exports to Haiti reached $660.1 million, however recording a decrease of 7.1% compared to the same period in 2023, according to Dominican media sources.

In 2022, Dominican exports had reached a peak of $1.039 billion, with growth of 8.9% compared to 2021. However, this progression was followed by a drop in 2023, where exports declined to 873 .1 million dollars, a decrease of 16% compared to the previous year.

The Dominican products most in demand in Haiti include cotton t-shirts, whose exports generated $74.7 million over the first nine months of 2024. This is followed by cotton fabrics, with sales amounting to $69. .4 million dollars, followed by Portland cement and wheat flour, exported for 37.4 and 32.3 million dollars respectively, according to the newspaper Free Diary and data from the Dominican Republic Export and Investment Center (ProDominicana).

As a reminder, diplomatic relations between the two countries deteriorated in September 2023, following the construction of a canal by Haiti to divert water from the Masacre River. In response, Dominican President Luis Abinader ordered the closure of the Dajabón border, before imposing, on September 15, 2023, the complete closure of land, sea and air borders.

President Abinader confirmed, on October 28, 2024, the maintenance of this airspace closure as long as the situation in Haiti does not show improvement, leaving this restriction in force for almost eight months. Despite tensions, the persistence of economic exchanges underlines a strong interdependence between the two countries, which resists current political and social turbulence.

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2024-10-30 17:55:00

Time.news Interview: Exploring the Economic Interdependence Between Haiti and the Dominican Republic

Editor (Emily Rodriguez): Welcome to Time.news, ⁢and thank you ⁣for joining us today. We’re thrilled to have Dr. Luis Fernandez, an expert in international ⁣trade and Caribbean relations. Dr. Fernandez, you’ve studied the dynamics between ‌Haiti and the Dominican Republic extensively. Despite significant diplomatic tensions, it seems that trade between the two nations‍ remains robust. What are ⁣your thoughts on this economic resilience?

Dr. Luis Fernandez: Thank you for having me, Emily. It’s a pleasure to be here. Indeed, despite the challenges that​ both countries face, their economic ties have proven to be remarkably resilient. The statistics speak volumes; even with‍ a drop in Dominican exports this‌ year, trade still⁣ reached an impressive $660.1 million by September ‍2024. This underlines a deep-seated interdependence between the two nations.

Emily ⁢Rodriguez: That’s fascinating! In what specific areas do we see this interdependence manifesting, particularly in the ⁢export sectors?

Dr. ‍Luis Fernandez: The Dominican⁤ Republic primarily exports essential goods to Haiti. For instance, cotton t-shirts ​and fabrics are⁤ among⁢ the‍ top exports, generating about $74.7 million and $69.4​ million​ respectively in⁤ the first nine months of 2024. Additionally, Portland cement and wheat flour⁣ are significant, indicating Haiti’s reliance on Dominican products for basic needs and infrastructure projects.

Emily Rodriguez: It’s quite⁤ striking how trade persists even amidst political strains. The⁤ tensions escalated notably after ⁣the canal construction in Haiti. How do you see this affecting future trade relations?

Dr. Luis Fernandez: The situation surrounding the canal construction has undoubtedly strained diplomatic ties, as seen with the closure of borders by President Abinader. However, the economic reality might force both‍ governments⁣ to consider‌ the benefits of ‍maintaining⁣ trade relations. After all, cutting off trade is detrimental ⁣not just for Haiti but for the Dominican economy as well. Thus, I believe we might see efforts to negotiate a balance‍ between political disagreements and economic necessity moving forward.

Emily Rodriguez: That makes sense. So, in your opinion, is there a potential for the trade relationship to strengthen, or do you foresee further declines ‌in exports given the current political‌ climate?

Dr. Luis Fernandez: Ultimately, I believe that the economic interdependence is likely ‍to drive dialogue​ and potential resolutions, as both nations understand their‍ reliance on each other‍ to some extent. While we might see fluctuations in export‌ volumes⁣ due to political tensions, the basic economic needs will compel them to keep lines of trade open. If both ⁣sides can focus on mutual benefits, there may actually be opportunities for‌ partnerships that go beyond mere commerce.

Emily Rodriguez: It’s an intriguing perspective. Is there anything specific that could help improve⁣ the situation in the region?

Dr.‍ Luis Fernandez: Open dialogue and trade agreements focused on ⁢mutual interests will be crucial. Humanitarian aid and‍ support to address Haiti’s ongoing crises could ​also ⁢play a role in easing tensions. Ultimately, cooperative initiatives‌ that foster development and address pressing social issues could pave the⁣ way for a stronger ⁢partnership.

Emily ‍Rodriguez: Thank you, Dr. Fernandez,⁣ for your valuable insights. It’s clear that ​while the situation is complex, the economic ⁣ties between Haiti and the Dominican Republic offer a glimmer of hope for broader cooperation. ​We appreciate your ‌time and expertise.

Dr. ‌Luis Fernandez: Thank you, Emily. It’s been a pleasure to discuss these vital‌ issues.

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