Why Enter or Expand into the DR?

• 7th Largest Market for U.S. Exports: In the Western Hemisphere, the Dominican Republic is the seventh largest trading partner of the United States (following Canada, Mexico, Brazil, Venezuela, Colombia and Chile). 
• Solid Economic Growth: As the largest democratic country in the Caribbean (Gross Domestic Product of more than US$20 billion), the DR has experienced solid economic growth since 2005 (9.3% in 2005, 10.7% in 2006 and 8.5% in 2007) and is home to over 9 million people with a per capita income of over $2500.
• Free Trade Agreement with the U.S.:  On March 1, 2007 the CAFTA-DR Free Trade Agreement was implemented allowing almost 80% of U.S. goods to enter the DR duty free.  In addition to tariff reduction, CAFTA-DR provides new market access for U.S. consumer, industrial and agricultural products. It also provides unprecedented access to government procurement, liberalizes the services sectors, protects U.S. investments in the region, and strengthens protections for U.S. patents, trademarks, and trade secrets. Learn more about CAFTA-DR.
• Significant Cultural and Economic Ties: The United States remains a vital economic and cultural partner of the Dominican Republic.  The U.S. has a 60% market share of Dominican Imports and is also the largest provider of development assistance to the region providing $318 million to the country in 2002. 
• Growing Bilateral Trade: The U.S. and the Dominican Republic enjoy a very strong commercial relationship. Bilateral trade amounted to US$10.3 billion in 2007. This represents United States exports totaling US$6.1 billion and imports from the Dominican Republic totaling US$4.2 billion.   
• Increaing Economic Liberalization: During the past two administrations, the Dominican government has increasingly adopted policies directed toward economic liberalization, including privatizing most state-owned enterprises, improving intellectual property rights protection, and working constructively in multilateral fora, such as the World Trade Organization (WTO), and the Free Trade Area of the Americas (FTAA).

"Your Connection to the Domincian Republic":  Whether your company is looking to enter the Dominican Republic for the first time or expand your sales into this market, we can help you succeed!  Our Caribbean Regional Office provides counseling on market entry/expansion, identification of potential business partners, matchmaking appointments, market research, due dilligence reports, promotional events and other customized services. 

Learn more about Our Services for U.S. Companies, or Contact Us.

Si usted es un importador Dominicano, por favor haga para ver los servicios que podemos ofrecerle!