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Doing Business in the Dominican Republic

The Dominican Republic is the 6th largest market in the Western Hemisphere for US exports after Canada, Mexico, Brazil, Venezuela and Colombia. Also, the Dominican Republic is the 28th largest commercial partner of the United States in the world. The total imports in 2004 were US $7.84 billion which US$4.34 billion where imports from the United States. The U.S. Imports Market Share of the Dominican Republic is 54%. In addition, the commercial relation between both countries is reciprocal. Each year the United States exports more to the Dominican Republic than to Russia, Argentina or Chile. One of the more important indirect factor that influences this tide bilateral relationship is the large Dominican community of the United States, that is responsible to the continue flow of trade between both countries. The latest US. Census estimated that there are more than one million Dominicans and Americans with Dominican descendants living in the United States..