{"id":240300,"date":"2025-08-18T06:50:42","date_gmt":"2025-08-18T10:50:42","guid":{"rendered":"https:\/\/dr1.com\/news\/?p=240300"},"modified":"2025-08-18T09:01:19","modified_gmt":"2025-08-18T13:01:19","slug":"customs-agency-director-sees-great-potential-in-trade-with-india","status":"publish","type":"post","link":"https:\/\/dr1.com\/news\/2025\/08\/18\/customs-agency-director-sees-great-potential-in-trade-with-india\/","title":{"rendered":"Customs Agency director sees great potential in trade with India"},"content":{"rendered":"\n
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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.<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

Sanz Lovaton says a key achievement of his recent official trip to India was to sign a Mutual Recognition Agreement for Authorized Economic Operators (AEO). This agreement aims to facilitate trade by providing both countries’ exporters with the same commercial and customs advantages at ports and airports.<\/p>\n\n\n\n

\u201cThe Dominican Republic’s economic strategy, driven by a focus on logistics, aligns with India’s need to diversify its supply chains,\u201d explains Sanz Lovaton. \u201cThe Dominican Republic has modernized its logistics infrastructure, including new legislation, port construction, and a significant expansion of warehouse capacity and free trade zones. This positions the country to serve as a hub for Indian companies looking to expand into the Americas,\u201d he writes.<\/p>\n\n\n\n

Sanz Lovaton says the DR can take advantage of his geographical location and become a bridge for sales to Latin America. \u201cIndia, already a powerhouse in sectors like pharmaceuticals and technology, can leverage our ports and airports as a gateway to sell its products in cities across the Americas, from Medell\u00edn to La Paz and beyond,\u201d he writes.<\/p>\n\n\n\n

Indeed, Sanz Lovaton sees opportunities to export a variety of goods to India, including avocados, financial services, and cacao. Additionally, he says the Dominican Republic can serve as a processing hub for raw materials destined for the Indian market. The hope is that this will be a two-way street, with Indian industries in pharmaceuticals and technology using the Dominican Republic’s ports as a gateway to sell their products throughout the Americas<\/p>\n\n\n\n

Read more in Spanish:
Noticias SIN <\/a><\/p>\n\n\n\n

18 August 2025<\/p>\n","protected":false},"excerpt":{"rendered":"

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 … <\/p>\n

Read more\u2026<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[337,3],"tags":[],"_links":{"self":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/240300"}],"collection":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/comments?post=240300"}],"version-history":[{"count":3,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/240300\/revisions"}],"predecessor-version":[{"id":240366,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/240300\/revisions\/240366"}],"wp:attachment":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/media?parent=240300"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/categories?post=240300"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/tags?post=240300"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}