The Dominican Republic and International Trade

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Guzman Ariza Attorneys at law

The Dominican Republic at a Glance

Geographically located at the center of the Caribbean, with privileged market access to the United States, Europe, and Central America, an abundant work force, a domestic market of more than ten million people, and a decades-old policy of great openness to foreign investment and international trade, the Dominican Republic has become the largest economy in the Caribbean and Central America, the number one recipient of direct foreign investment in the region (2. 3 billion dollars in 2015), and its most-visited tourist destination (5.6 million tourists in 2015). From 1993 to 2015, gross domestic product (GDP) growth of the Dominican economy averaged 5.4% annually; in 2014 and 2015, it reached 7.3 and 7.0%, respectively, the highest by far in the Western Hemisphere.

Market Size

In 2015…

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