Santo Domingo.- During the course of this year, textile exports emanating from member countries of the Caribbean Basin Initiative (CBI) to the United States fell drastically. .This situation does not exclude the Dominican Republic, according to statistics contained in the latest report issued by major transporters of wearing apparel and the U.S. Trade Department. . According to statistics, during the first two months of the year, the value exported by the Dominican Republic fell by 17.27 percent, with a decrease in value of 17.55%. . For the Dominican economy, behavior of this sector is significant, not only due to the ‘Chinese effect’ that dismounted import quotas for Chinese goods entering the U.S., but also due to its effects upon production costs and the exchange rate in the local market . Source: Dominican Today .