SHIPOWNERS CONCERNED ABOUT THE TRADE DEFICIT

Newspaper:  "Diario Libre"
June 15, 2012

Title: Shipowners concerned about the trade deficit.

Santo Domingo. The Shipping Association of the Dominican Republic (ANRD) expressed concern about the trade deficit in the Dominican Republic compared to other world markets, which in his view is reflected in the statistics of containers coming into the country of which only 25 percent (%) are shipped filled with export cargo.

Teddy Heinsen, ANRD president, said that of 450,000 TEUS (unit of measure equivalent to a closed box of 20) arrived full of imports in 2011, embarked a total of 350,000 teus gaps which puts us at a disadvantage with our competitors international.

Heinsen called for urgent measures to strengthen our export sector and domestic production, especially in regard to funding, capacity building, strengthening research and logistics.

The business leader called on the authorities that we look for short-term goal of turning the country into the big supplier of regional markets, European and American.