Business in the Dominican Republic

The objectives of the subject “International Trade and Business in the Dominican Republic” are the following:

1. To analyze the Dominican Economy and Global Trade;
2. To know the business opportunities in the Dominican Republic;
3. To explore the Dominican trade relations with the country of the student;
4. To know the Dominican Trade Agreements;
5. To examine the profile of Dominican Companies;
6. To develop a business plan for the Dominican Market.

The Subject “Foreign Trade and Business in the Dominican Republic” belongs to the following Online Higher Educational Programs taught by EENI Global Business School:

Masters: International Business, Foreign Trade.

Doctorate: American Business, World Trade.

Learning materials in or Repúbliba Dominicana Repúblique Dominicaine.

1. Credits of the subject “Foreign Trade and Business in the Dominican Republic”: 1 ;
2. Duration: one week.

The Dominican Republic Free Trade Agreements and Market Access.

1. The Dominican Republic and the Latin American Economic Area;
2. Central American Integration System (SICA);
3. Association of Caribbean States (ACS);
4. Latin American and Caribbean Economic System (SELA);
5. Trade Agreement with the United States (CAFTA-DR);
6. Dominican Republic-Central America Free Trade Agreement;
7. Mesoamerica Project;
8. UK-CARIFORUM Free Trade and Economic Integration Agreement;
9. CARICOM (Observer State)
   1. Free Trade Agreement with the CARICOM.
10. Latin American Integration Association (ALADI) (observer).

1. WTO
   1. Agreement on Trade in Services (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. Hamburg Rules (Sea).

American Trade and Economic Organizations:

1. Inter-American Development Bank (IDB);
2. OAS;
3. ECLAC;
4. East Asia-Latin America Cooperation;
5. Community of Latin American and Caribbean States (CELAC)
   1. EU-CELAC Summit.

Global Organizations:

1. UN
   1. UNCTAD;
   2. ITC;
   3. UNCITRAL;
   4. WIPO.
2. WB;
3. WTO;
4. IMF.

The Dominican Republic.

1. The capital of the Dominican Republic is Santo Domingo;
2. The Dominican population is 9.9 million people;
3. Area of the Dominican Republic: 48,311 square kilometers;
4. The official language of the Dominican Republic is Spanish;
5. The Dominican Republic gained the independence from Spain in 1821;
6. Abolition of Slavery in the Dominican Republic: (1804);
7. Toussaint Louverture;
8. African Diaspora in the Dominican Republic: 8.7 million people (84% of the Dominican population).

Religion in the Dominican Republic: Catholicism (Christianity).

The Dominican Republic belongs to the Western Civilization (Latin American Economic Area).

The Dominican Economy and Foreign Trade.

1. The services sector is the pillar of the Dominican economy (55% of the GDP, the largest employment generator);
2. Other significant Dominican economic sectors are free trade zones, tourism, telecommunications, and construction;
3. The tourism sector represents more than 1,000 million dollars annually;
4. The Dominican economy is closely related to the foreign direct investment from the United States;
5. The 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. The Dominican financial sector is strong and is one of the largest in the Caribbean region;
8. In the Dominican Republic, exports were reduced by 231 million dollars mainly due to the fall in exports of ferro-nickel, as a result of international nickel prices reduction. 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 the foreign direct investment.

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

(c) EENI Global Business School (1995-2023)
We do not use cookies
Top of this page