India - Dominican Republic Business and Cultural Council

The Dominican Republic, located in the Caribbean, shares the island of Hispaniola with Haiti. Known for its beautiful beaches, rich culture, and vibrant history, it is a popular tourist destination and boasts a diverse economy based on tourism, agriculture, and manufacturing.

Ambassador and Consul General

Global India Business Forum presented an Honorary Membership to H.E. David Puig, Ambassador of the Dominican Republic to India. The GIBF team had a fruitful discussion on collaborating for different business opportunities and trade between the two countries. Dr. Jitendra Joshi, Founder and Global President of GIBF, and Deepali Gadkari, Co-Founder and Secretary General attended the meeting.

Sugar, coffee, tobacco, textiles and apparel, minerals, and agricultural products.

petroleum and petroleum products, machinery and equipment, vehicles, electrical appliances, and raw materials for manufacturing.

About Dominican Republic

The Dominican Republic, situated in the heart of the Caribbean on the island of Hispaniola, is a country rich in history and natural beauty. It shares the island with Haiti and is known for its diverse landscapes that include sun-soaked beaches, verdant mountains, and lush rainforests. The capital city, Santo Domingo, is the oldest continuously inhabited European settlement in the Americas, founded by Christopher Columbus in 1492.
The country’s culture is a vibrant blend of Taino, African, and European influences. This fusion is evident in its music, particularly the energetic rhythms of Merengue and Bachata, which have gained international acclaim. Dominican Republic cuisine, characterized by dishes like Mangu, Mofongo, and Sancocho, reflects its rich cultural heritage.
Tourism plays a crucial role in the economy, drawing visitors to its stunning resorts, historical sites, and natural parks. Despite economic challenges, the Dominican Republic remains a beacon of Caribbean charm and warmth, offering both relaxation and a lively cultural experience.

BUSINESS OPPORTUNITIES in Dominican Republic

BUSINESS OPPORTUNITIES IN Dominican Republic

The Dominican Republic offers a wide range of business opportunities due to its strategic location in the Caribbean, strong economic growth, and favorable trade agreements. As a major tourist destination, there are ample opportunities in the hospitality and real estate sectors, including hotel development, resorts, and vacation rentals. The country is also a hub for agriculture, particularly in the production of bananas, cocoa, coffee, and sugar. Investors can explore agribusiness opportunities in both export and local markets.
The manufacturing sector, especially in free trade zones, presents significant opportunities, particularly in textiles, footwear, and medical devices. Additionally, the country has a growing renewable energy sector, providing potential investments in solar, wind, and biomass energy projects. The Dominican Republic’s stable economic environment, coupled with government incentives for foreign investors, makes it an attractive destination for businesses looking to expand in the Caribbean and Latin American markets.

Exports and Imports In Dominican Republic

In 2022, Dominican Republic was the number 64 economy in the world in terms of GDP (current US$), the number 92 in total exports, the number 72 in total imports, the number 77 economy in terms of GDP per capita (current US$) and the number 62 most complex economy according to the Economic Complexity Index (ECI)

Top Exports of Dominican Republic

The top exports of Dominican Republic are Medical Instruments ($1.72B), Gold ($1.46B), Rolled Tobacco ($1.11B), Low-voltage Protection Equipment ($949M), and Ferroalloys ($575M), exporting mostly to United States ($6.85B), Switzerland ($1.08B), Haiti ($1.02B), China ($400M), and India ($390M).

Top Imports of Dominican Republic

The top imports of Dominican Republic are Refined Petroleum ($2.67B), Petroleum Gas ($1.43B), Cars ($1.26B), Crude Petroleum ($783M), and Coal Briquettes ($690M), importing mostly from United States ($13.7B), China ($4.66B), Brazil ($1.16B), Colombia ($935M), and Spain ($895M).

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