Home Business Dominican Republic – Brazil  trade will grow 6 per cent in 2017

Dominican Republic – Brazil  trade will grow 6 per cent in 2017

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Trade between the Dominican Republic and Brazil will reach this year  around US$ 637 million, an increase of 6 per cent compared to 2016, according to the Brazilian Domínican Chamber of Commerce.

Clemente Baena Soares, Brazil’s ambassador to the Dominican Republic, highlighted the importance of trade between both nations: “However, in exports and imports there are gaps and obstacles that could in some way prevent further growth,” Soares said.

The ambassador said that there is an imbalance that greatly favors Brazil, so he said they are working to reduce this situation, according to the portal Listin Diario.

“Our trade last year reached the figure of around 600 million dollars. It is an unbalanced export and import pattern in favor of Brazil. The Chamber is working to reduce the gaps between the two countries, “he said.