Monday, March 7, 2011

Haitian economy down , Dominican getting richer

SANTO DOMINGO, Dominican Republic (AP) - Officials in the Dominican Republic say the nation's exports to Haiti increased 35 percent last year due to the earthquake that hit the neighboring country.The Dominican Republic's investment promotion agency says official business with Haiti reached $869.6 million in 2010. That was nearly $225 million more than in 2009.Agency spokesman Eddy Martinez said Monday that new statistics show formal sales to Haiti represented nearly 16 percent of all Dominican exports in 2010. He says food exports shot up 94 percent and industrial exports, including construction equipment, increased 26 percent.
The January 2010 earthquake killed an estimated 300,000 people and left much of impoverished Haiti's capital in ruins.


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