Doing Business in the Dominican Republic

EENI - Business School.

Subject (Course): International Trade and Business in the Dominican Republic. Santo Domingo. Syllabus:

  1. Introduction to the Dominican Republic (America)
  2. Doing Business in Santo Domingo.
  3. Dominican Economy.
  4. International Trade of the Dominican Republic
  5. Case Study:
    1. Trade Relations with Chile and Canada
    2. Brugal
  6. Introduction to Spanish
  7. Access to the Dominican Market
  8. Business Plan for the Dominican Republic

Objectives of the subject "Doing Business in the Dominican Republic":

  1. To analyze the Dominican economy and foreign trade
  2. To evaluate business opportunities in the Dominican Republic
  3. To explore the Dominican Republic's trade relations with the student's country
  4. To know Dominican Republic's Free Trade Agreements (FTA)
  5. To examine the profile of Dominican Companies
  6. To develop a business plan for the Dominican Market
Subject "Doing Business in the Dominican Republic" is studied...
  1. Masters: International Business (MIB), America
  2. Doctorate DIB Business in America
  3. Course Doing Business in Central America

Course learning materials in En or Es Rep. Dominicana

  1. Credits of the subject "Business in the Dominican Republic": 1 ECTS/0.5 AC Credits
  2. Duration: 1 week

Sample of the subject: Doing Business in the Dominican Republic
Dominican Republic Business

Subject Description (Doing Business in the Dominican Republic).

The Dominican Republic.

  1. The capital of the Dominican Republic is Santo Domingo.
  2. The Dominican population is 9.9 millions of people.
  3. Area: 48 311 km²
  4. The official language is Spanish
  5. Religion in the Dominican Republic: Catholicism (Christianity)
  6. The Dominican Republic gained independence from Spain in 1821
  7. Abolition of slavery in the Dominican Republic: (1804)
  8. Toussaint Louverture
  9. African Diaspora in the Dominican Republic: 8,7 millions of people (84% of the Dominican population)
  10. The Dominican Republic belongs to the Christian Civilization - Latin American area

Dominican economy and foreign trade.

  1. The service sector is the pillar of the economy of the Dominican Republic (55% of GDP, biggest employment generator).
  2. Other significant economic sectors in the Dominican Republic are free trade zones, tourism, telecommunications, and construction.
  3. Tourism sector represents more than 1,000 million dollars annually
  4. Dominican economy is closely related to the foreign direct investment from the United States.
  5. Economic slowdown due to the impact of the international financial crisis.
  6. The Economy of Santo Domingo (capital) is based on services and industry and represents a gross domestic product of 30 billion dollars (Purchasing Power Parity).
  7. Dominican financial sector is strong and is one of the biggest in the Caribbean region.
  8. In the Dominican Republic, exports were reduced by 231 million USD mainly due to the fall in exports of ferronickel, as a result of the reduction of international nickel prices. All this led to the temporary closure of the company Falconbridge.
  9. The Dominican Republic has one of the most advanced telecommunications infrastructures in Central America, open to foreign direct investment (FDI).

Brugal is one of the biggest companies in the Dominican Republic. In recent years, Brugal has begun a process of strengthening its presence in international markets, to increase exports and guarantee its continued growth process.

Central American Integration System

The Dominican Republic Free Trade Agreements (FTA) and Market Access

  1. Central American Integration System (SICA)
  2. Trade Agreement with the United States (CAFTA-DR)
  3. FTA with the CARICOM
  4. Association of Caribbean States (ACS)

FTA US Central America

The Dominican Republic is a member of:

  1. Latin American and Caribbean Economic System (SELA)
  2. Economic Commission for Latin America (ECLAC)
  3. Inter-American Development Bank (IDB)
  4. Forum for East Asia-Latin America Dominican Republic
  5. Organization of American States (OAS)
  6. World Bank (WB)
  7. International Monetary Fund (IMF)
  8. World Trade Organization (WTO)
  9. United Nations (UN)
  10. Latin American Integration Association (observer).

Toussaint Louverture Diaspora

FTA Central America Dominican

CARIFORUM

Association of Caribbean States

Central American Common Market



EENI Business School