Dominicans export more to Commonwealth Countries than is imported, according to Fernando González Nicolás, president of the Commonwealth Roundtable in the Dominican Republic when speaking during the Embassy of Canada Thanksgivings Day luncheon on Monday, 8 October 2018. The event is organized by the Canadian Dminican Chamber of Commerce (Canchamrd).
He said Dominican exports in 2017 were US$1.67 billion, while imports were US$1.39 billion, with a surplus of US$283 million for the Dominican Republic.
Commonwealth countries Canada and India are the country’s third and fourth largest importers. Canada purchased US$786 million in 2017, and India US$578 million. The United States and Haiti are the country’s two largest markets.
Moreover, González Nicolás says that Commonwealth countries have the main mining companies in the world. He said there is an environmental protection awareness and the main financial institutions of the world are located.
González Nicolás highlighted that the roundtable seeks to promote bilateral economic, trade, social and cultural relations with the country and 53 countries that make up the Commonwealth around the world.
Also speaking at the event, Foreign Minister Miguel Vargas highlighted that Canadian investments in the Dominican Republic are now around US$4.98 billion and total trade is US$1.07 billion in 2017.
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Diario Libre
11 October 2018
