Haiti - DR : The market of Dajabón generates more than one million dollars of transaction per week - HaitiLibre.com : Haiti news 7/7





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Haiti - DR : The market of Dajabón generates more than one million dollars of transaction per week
11/03/2019 11:39:21

Haiti - DR : The market of Dajabón generates more than one million dollars of transaction per week
Trade on the cross-border market of Dajabón that takes place between Haitians and Dominicans on Monday and Friday generates trade volume during these two days estimated at between $1.2 and $1.5 million per week, although sometimes due to tension in Haiti or serious incidents at the border, the amount of transactions can fall and settle between 60,000 and 120,000 dollars for two days, recognize the merchants on both sides of the border.

Four years ago, a study carried out by the European Union estimated at $900,000 the amount of transactions per week over two days, but with the enlargement of the market the economic volume has increased since then.

Recall that the interior part of the market, built on the border between Haiti and the Dominican Republic after its extension with the help of the European Community https://www.icihaiti.com/en/news-4982-haiti-news-some-news-here-and-there.html , has an area of ​​over 40,000 m2 which includes a ring road and parking, where converge each market day at least 2,600 Dominican and Haitian merchants.

It should be noted that on the periphery of this covered market, there are between 15,000 and 25,000 vendors from the two countries who settle on Mondays and Fridays, offering products and merchandise of all kinds. Note that almost all the merchants of Cap-Haïtien, neighboring cities and those living near the border source from the cross-border market of Dajabón.

Abigail Bueno, the President of the Dajabón Market Vendors Association, revealed that the market opening experience one more day on Wednesday https://www.icihaiti.com/en/news-27008-icihaiti-dajabon-dominicans-open-binational-market-also-on-wednesday.html did not work very well, because according to her, the Haitian authorities do not agree and warned the traders and the buyers of Haiti, that they would seize their goods.

For Bueno, extending the market on Wednesday is a new opportunity for traders on both sides of the border to increase their trade reminding Haitians cross the border every day of the week to go to Dajabón to supply food, medicines, building materials, spare parts for vehicles and other goods.

However, it points out that Haitian traders complain about the restrictions https://www.haitilibre.com/en/news-23281-haiti-flash-chaos-anger-and-confusion-on-the-border-market-of-dajabon.html and high taxes imposed by the Haitian customs authorities on products they buy on the binational market and seizures of goods frequent not only to sellers but also to Haitian buyers.

See also :
https://www.icihaiti.com/en/news-27043-icihaiti-border-markets-the-dominican-authorities-propose-to-open-2-more-days.html
https://www.icihaiti.com/en/news-27008-icihaiti-dajabon-dominicans-open-binational-market-also-on-wednesday.html
https://www.icihaiti.com/en/news-27012-icihaiti-economy-massive-return-of-haitians-to-the-binational-market-of-dajabon.html
https://www.haitilibre.com/en/news-23281-haiti-flash-chaos-anger-and-confusion-on-the-border-market-of-dajabon.html

SL/ HaitiLibre

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