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Decoding the Dominican Republic's textile exports under CAFTA-DR

21 Oct '24
10 min read
Decoding the Dominican Republic's textile exports under CAFTA-DR
Pic: Adobe Stock

Insights

  • CAFTA-DR trade agreement has significantly boosted Dominican Republic's textile exports to US.
  • Dominican Republic relies heavily on US, with ** per cent of its exports directed there, particularly in knit and woven apparel.
  • While the agreement has fostered growth and investment in the textile industry, diversification into other markets is essential to mitigate risks from US economic instability.

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