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Dominican Rep top textile exporter to US among CAFTA-DR
Jun '13
Among the member nations of CAFTA-DR (Central America Free Trade Agreement-Dominican Republic), Dominican Republic exports the maximum amount of textiles and apparels to the US.
Dominican Republic textile and apparel exports to the US have risen by 6.48 percent from US$ 184.9 million to US$ 196.9 million for January-April period of 2013, according to 'Major Shippers Report- U.S. General Imports' published by Office of Textiles and Apparel (OTEXA) of the US Department of Commerce.
Besides Dominican Republic, the other countries under CAFTA-DR are Guatemala, Costa Rica, El Salvador, Honduras, and Nicaragua. Among these countries, Guatemala and Honduras have shown a rise of 4.6 percent and 1.15 percent, respectively, in their textile and apparel exports to the US during the first four months of the current year.
On the other hand, the exports of textiles and apparels from Costa Rica, Nicaragua and El Salvador to the US recorded a fall of 20.95 percent, 5.75 percent, and 2.87 percent, respectively during the period under review.
Although Dominican Republic has topped the CAFTA-DR list in textiles and apparel exports to the US, it is at 25th position in the US import list, the report shows.
The US imported textile and apparel worth US$ 31.8 billion from all over the world, during the first four months of 2013. 

Fibre2fashion News Desk - India

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