Business in the Dominican Republic, Santo Domingo

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

Business in the Dominican Republic

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

1. To analyze the Dominican Economy, Logistics and Global Trade
2. To identify business opportunities in the Dominican Republic
3. To explore the Dominican trade relations with the student's country
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, Logistics and Business in the Dominican Republic” belongs to the following Programs taught by EENI Global Business School:

Masters: International Business, Foreign Trade.

Doctorate: World Trade.

Masters adapted for Caribbean students.

Languages: or Repúbliba Dominicana Repúblique Dominicaine.

1. Credits of the Subject “Business, Trade and Transport in the Dominican Republic”: 1

The Dominican Republic Trade Agreements and Market Access.

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

1. World Trade Organization (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)

1. Inter-American Development Bank
2. Organization of American States (OAS)
3. Economic Commission for Latin America (ECLAC)
4. East Asia-Latin America Cooperation
5. Community of Latin American and Caribbean States (CELAC)

1. United Nations
2. World Bank
3. World Trade Organization (WTO)
4. International Monetary Fund

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 km²
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 (Hispanic 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 GDP 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.