Doing Business in Dominica

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

1. To analyze the Dominican Economy and International 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 Free 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 Higher Educational Programs taught by EENI Global Business School:

Masters (MIB): International Business, Foreign Trade.

Doctorate (DIB): American Business, World Trade.

Learning materials in: ( Dominica Dominique Dominica).

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. Organization of Eastern Caribbean States (OECS).

1. World Trade Organization (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 Organization (WCO)
   1. Revised Kyoto Convention (RKC).
3. International Bureau of Containers and Intermodal Transport (BIC);
4. International Civil Aviation Organization (ICAO, Chicago Convention);
5. International Maritime Organization (IMO).

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

1. Organization 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 Organizations:

1. Commonwealth;
2. International Organization of the Francophonie;
3. World Bank (WB);
4. World Trade Organization (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 Organization (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 kilometers;
8. Population of Dominica: 74,000 inhabitants;
   1. Dominican Population density: 105 inhabitants / square kilometers;
   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 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 Civilization.

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 (1995-2023)
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