Business in Dominica

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

1. To analyze the Dominican Economy and Global Trade
2. To explore the Business Opportunities in Dominica
3. To analyze the trade relations of Dominica with the country of the student
4. To know the Trade Agreements of Dominica
5. To develop a business plan for the Dominican Market

The Subject «Foreign Trade and Business in Dominica» belongs to the following Online Programs taught by EENI Global Business School:

Masters: International Business, Foreign Trade.

Doctorate: American Business, World Trade.

Languages ( Dominica Dominique Dominica).

Preferential Access and Trade Agreements of Dominica:

1. Dominica and the Caribbean Economic Area
2. CARICOM
   1. CARICOM-Dominican Republic FTA
   2. Costa Rica-CARICOM Agreement (Dominica)
   3. CARIFORUM-EU Agreement
   4. Colombia-CARICOM Agreement (Dominica)
3. Caribbean Basin Initiative
   1. The U.S.-Caribbean Basin Trade Partnership Act
4. Caribbean-Canada Trade Agreement
5. UK-CARIFORUM Free Trade and Economic Integration Agreement
6. Association of Caribbean States
7. ALBA
8. Energy supply agreement PetroCaribbean (Venezuela)
9. OECS

1. WTO
   1. GATS
   2. Agreement on the Application of Sanitary Measures
   3. Agreement on Technical Barriers to Trade
   4. Agreement on Preshipment Inspection
   5. Agreement on Safeguards
   6. Trade Facilitation Agreement
2. Is not a member of the WCO
   1. Kyoto Convention
3. BIC (Containers)
4. Chicago Convention (ICAO)
5. IMO

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

1. OAS
2. ECLAC
3. CELAC
   1. EU-CELAC Summit

Global Organizations:

1. Commonwealth
2. OIF
3. WB
4. WTO
5. IMF
6. UN

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 km²
8. Population of Dominica: 74,000 inhabitants;
   1. Dominican Population density: 105 inhabitants / km²
   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 colonization. Foundation of Rouseau
15. 1805: British colonization
16. Type of government: Parliamentary Republic
17. Dominica became independent from the UK 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.

The 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)

The Dominican Foreign Trade

1. Main Exports of Dominica son bananas, soap, vegetables, tamarind, vegetables, grapefruit and oranges
2. Main export markets of Dominica: the U.S., the UK, 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, the U.S., Trinidad and Tobago, Netherlands, Venezuela, Finland, UK, France, China, Japan

(c) EENI Global Business School (1995-2023)
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