Doing Business in the Dominican Republic
EENI - Business School.
Subject (Course): International Trade and Business in the Dominican Republic. Santo Domingo. Syllabus:
- Introduction to the Dominican Republic (America)
- Doing Business in Santo Domingo.
- Dominican Economy.
- International Trade of the Dominican Republic
- Case Study:
- Trade Relations with Chile and Canada
- Introduction to Spanish
- Access to the Dominican Market
- Business Plan for the Dominican Republic
Objectives of the subject “Doing Business in the Dominican
- To analyse the Dominican economy and foreign trade
- To evaluate business opportunities in the Dominican Republic
- To explore the Dominican Republic's trade relations with the student's country
- To know Dominican Republic's Free Trade Agreements (FTA)
- To examine the profile of Dominican Companies
- To develop a business plan for the Dominican Market
Sample of the subject: Doing Business in the Dominican Republic
Subject Description (Doing Business in the Dominican Republic).
The Dominican Republic.
- The capital of the Dominican Republic is Santo Domingo.
- The Dominican population is 9.9 millions of people.
- Area: 48,311 square kilometres
- The official language is Spanish
- Religion in the Dominican Republic: Catholicism (Christianity)
- The Dominican Republic gained independence from Spain in 1821
- Abolition of slavery in the Dominican Republic: (1804)
- Toussaint Louverture
- African Diaspora in the Dominican Republic: 8,7 millions of people (84% of the Dominican population)
- The Dominican Republic belongs to the Christian Civilisation - Latin American area
Dominican economy and foreign trade.
- The service sector is the pillar of the economy of the Dominican
Republic (55% of GDP, the biggest employment generator).
- Other significant economic sectors in the Dominican Republic
are free trade zones, tourism, telecommunications, and construction.
- Tourism sector represents more than 1,000 million
- Dominican economy is closely related to the foreign direct investment from
the United States.
- Economic slowdown due to the impact of the international
- 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).
- Dominican financial
sector is strong and is one of the biggest in the Caribbean
- 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 the reduction of international nickel prices. All this led to the temporary closure of the company Falconbridge.
- 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.
The Dominican Republic Free Trade Agreements (FTA) and Market Access
- Central American Integration System (SICA)
- Trade Agreement with the United States (CAFTA-DR)
- FTA with the CARICOM
- Association of Caribbean States (ACS)
The Dominican Republic is a member of:
- Latin American and Caribbean Economic System (SELA)
- Economic Commission for Latin America (ECLAC)
- Inter-American Development Bank (IDB)
- Forum for East Asia-Latin America Dominican Republic
- Organisation of American States (OAS)
- World Bank (WB)
- International Monetary Fund (IMF)
- World Trade Organisation (WTO)
- United Nations (UN)
- Latin American Integration Association (observer).