DR1 Daily News - Dominican Republic

Long-standing Customs Agency director, Eduardo Sanz Lovaton was recently in India and came back convinced India is a growing economy and a strategic market for Dominican exports.

He wrote for Noticias SIN that India with its population of 1.4 billion, is already a key Dominican trading partner. Over the past seven years, bilateral trade has totaled US$5.67 billion, with a significant average growth of 52.2% since 2021. Most of this trade is raw gold for refining.

This has enabled the Dominican Republic to maintain a positive trade balance with India, with a surplus of US$1.04 billion over the same period, placing India in the top three for countries with which the Dominican Republic holds a positive trade balance.

Sanz Lovaton says a key achievement of his recent official trip to India was to sign a Mutual Recognition Agreement for Authorized Economic Operators...