Trade between Dominican Republic, China grows fast

The Dominican Republic has become the second largest trading partner of China in the Caribbean following Cuba, said Wang Weihua, representative of China's Trade Development Office in the Dominican Republic Monday.

Dominican exports to China, ranging from scrap iron, rice, tobacco, cacao, coffee to banana, increased some 100 million U.S. dollars in 2007.

Wang said trade between the two nations grew from 150 million dollars in 2003 to 614 million dollars in 2007, thanks to the joint efforts of the customs from both countries.

From January to May in 2008, the commercial exchanges between the two countries reached 281 million dollars, up over 30 percent compared with the same period in 2007, Wang said.

Chinese products exported to the Dominican Republic include machines, cars, motorcycles, textiles, clothes, shoes, toys, among others, Wang said.

China is satisfied with the current trade development with the Dominican Republic and the commercial ties between them tend to grow every year, Wang added.

Source:Xinhua