According to the European Union representative in the country, Alberto Navarro, the EU and the Dominican Republic trade US$2 billion each year. The EU is the country’s second largest trading partner after the United States.
Navarro said that over the last 25 years the EU has provided grants of around EUR1 billion to the DR.
Minister of Foreign Relations Carlos Morales Troncoso highlighted that the European Union is also the main source of foreign investment in the country, with Spain heading the list followed by France, Italy, United Kingdom, Germany and Switzerland.
Navarro also considered that as president of the Central American Integration System (SICA), the Dominican Republic has played an excellent role, and is making important advances in the areas of the environment and security.
Navarro confirmed that the EU would participate as an observer in the next SICA Summit for Heads of State and Government that will be held 27 June in Punta Cana.
http://www.listindiario.com/la-republica/2014/6/3/324444/Intercambio-comercial-entre-la-Union-Europea-y-Rep-Dom-ronda-los-2000