Business in Dominica, Roseau

The objectives of the subject «Doing Business in Dominica» are the following:

1. To analyse the Dominican economy and Foreign Trade (Import, Export, FDI)
2. To explore the Business Opportunities in Dominica
3. To analyse the trade relations of Dominica with the country of the student
4. To know the Free Trade Agreements of Dominica
5. To develop a business plan for the Dominican Market

Preferential Access and Free Trade Agreements of Dominica:

1. Dominica and the Caribbean Economic Area
2. Caribbean Community (CARICOM)
   1. CARICOM-Dominican Republic Free Trade Agreement (FTA)
   2. Costa Rica-Caribbean Community Agreement (Dominica)
   3. CARIFORUM-European Union (EU) Economic Partnership Agreement
   4. Colombia-CARICOM Agreement (Dominica)
3. Caribbean Basin Initiative
   1. United States-Caribbean Basin Trade Partnership Act (CBTPA)
4. Caribbean-Canada Trade Agreement (CARIBCAN)
5. United Kingdom-CARIFORUM Free Trade and Economic Integration Agreement
6. Association of Caribbean States (ACS)
7. Bolivarian Alliance for the Peoples of Our America (ALBA)
8. Energy supply agreement PetroCaribbean (Venezuela)
9. Organisation of Eastern Caribbean States (OECS)

Trade Facilitation Programs

1. World Trade Organisation (WTO)
   1. WTO General Agreement on Trade in Services (GATS)
   2. WTO Agreement on the Application of Sanitary and Phytosanitary Measures (SPS)
   3. WTO Agreement on Technical Barriers to Trade (TBT)
   4. WTO Agreement on Preshipment Inspection (PSI)
   5. WTO Agreement on Safeguards (SG)
   6. WTO Trade Facilitation Agreement (TFA)
2. Is not a member of the World Customs Organisation (WCO)
   1. Revised Kyoto Convention (RKC)
3. International Bureau of Containers and Intermodal Transport (BIC)
4. International Civil Aviation Organisation (ICAO, Chicago Convention)
5. International Maritime Organisation (IMO)

American Trade and Economic Organisations. Dominica is a member of...

1. Organisation of American States (OAS)
2. Economic Commission for Latin America and the Caribbean (ECLAC)
3. Community of Latin American and Caribbean States (CELAC)
   1. European Union-CELAC Summit

Global Organisations

1. Commonwealth
2. International Organization of the Francophonie
3. World Bank (WB)
4. World Trade Organisation (WTO)
5. International Monetary Fund (IMF)
6. United Nations (UN)
   1. Conference on Trade and Development (UNCTAD)
   2. International Trade Centre (INTRACEN)
   3. World Intellectual Property Organisation (WIPO)

Commonwealth of Dominica.

1. Dominica is a French Overseas Territory (PTOUM)
2. Dominican Capital: Roseau
3. Largest cities: Roseau, Canefield and Portsmouth
4. Dominican Parishes: Saint Andrew, Saint David, Saint George, Saint John, Saint Joseph, Saint Luke, Saint Mark, Saint Patrick, Saint Paul and Saint Peter
5. Dominica does not share land borders with any country
6. Nearest countries to Dominica by sea: Guadalupe and Martinique
7. Area of Dominica: 751 square kilometres
8. Population of Dominica: 74,000 inhabitants
   1. Dominican Population density: 105 inhabitants / square kilometres
   2. The majority of the population has an African origin (African Diaspora)
9. The majority of the population is of African origin (African Diaspora)
10. Official language of Dominica: English
    1. French Creole is widely used
11. Abolition of Slavery in Dominica: 1834
12. Climate of Dominica: tropical
13. 1493: discovery by the Spanish (Dominica derives from Sunday, the day that Christopher Columbus discover the Island)
14. XVII century: French colonisation. Foundation of Rouseau
15. 1805: British colonisation
16. Type of government: Parliamentary Republic
17. Dominica became independent from the United Kingdom in 1967
18. Boiling Lake has the second most important hot springs in the world
19. Territorial tensions with Venezuela over the maritime area that surrounds the Aves Island

Main religion in Dominica: Christianity (Catholicism)

Dominica belongs to the Caribbean Economic Area of the Western Civilisation

Dominican Economy.

1. Dominican GDP (PPP): 688 million dollars
2. GDP per capita of Dominica (PPP): 9,726 Dollars
3. The main economic activities of Dominica are: financial services (off-shore), tourism and agriculture
4. Significant banana industry
5. Other important crops are: citrus, mangoes, tubers, coconuts, cocoa
6. Dominica has positioned itself as an important regional off-shore centre: banking, companies, financing...
7. Bank confidentiality secret
8. Main industries: soap, coconut oil transformation, furniture, cement blocks and footwear
9. Currency Dominican: East Caribbean dollar (XCD)
10. Country code top-level domain of Dominica: .dm
11. Douglas-Charles Airport (45-minute drive to Portsmouth, 1 hour from Roseau).
12. Canefield Airport (DCF)

Dominican Foreign Trade

1. Main exports of Dominica son bananas, soap, vegetables, tamarind, vegetables, grapefruit and oranges
2. Main export markets of Dominica: the United States, the United Kingdom, France, Brazil, Japan, Jamaica, Antigua and Barbuda, Guyana, Paraguay, Trinidad and Tobago
3. Main imports of Dominica: food, machinery, chemicals, fertilizers, minerals, transportation equipment and fuels
4. Largest providers of Dominica: Brazil, United States, Trinidad and Tobago, Netherlands, Venezuela, Finland, United Kingdom, France, China, Japan

(c) EENI Global Business School (1995-2021)
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