The Dominican Republic (DR) is the tenth largest economy in Latin America and a dominant factor in the Caribbean region, with a population of over 10.53 million consumers and a nominal GDP of $64.14 billion, The Dominican Republic is an upper middle income country, with per capita income over $6,040 per year (Atlas method).
The strength of the trade relationship stems from close geographic proximity and the historic cultural and personal ties that many Dominicans have with the United States. This is reinforced by a Dominican diaspora in the U.S. of almost two million people, clustered primarily in the northeastern states and Florida, whose remittance payments help support the home-country economy.
Dominican businesspersons are frequent visitors to United States and are very familiar with U.S. business practices. The United States accounted for 55.4 percent of the tourists to the DR’s hotels and resorts in 2016. In addition, Americans comprised the majority of the 5.6 million tourists who flocked to DR hotels and resorts in 2015, a figure that the government of the Dominican Republic (GoDR) has vowed to double within 10 years.
Services for U.S. Exporters
The U.S. Commercial Service offers U.S. companies services tailored to their needs and objectives. Whether you are developing an international business strategy, trying to promote your company in a new market, or looking to expand your business through new partnerships, we can help you.
- Planning and strategy
- Legal and regulatory issues
- Documentation and product requirements
- Business procedures
- Financing and commercial insurance
- Business statistics and analysis
- Contact lists
- Search for partners
- Custom business matchmaking
- Promotional events
- Trade missions
- Industrial exhibitions
- USG Advocacy
- Unfair trade practices
- Non-tariff barriers
- Customs Issues
Services for Dominican companies
The U.S. Commercial Service can help Dominican companies locate US products and services or business partners, establish contact with thousands of US companies at international events, and identify investment opportunities to establish or expand their operations in the United States.
- Determine the best areas in the United States to find the products and services you are looking for.
- Evaluate international competition.
- Know about cultural differences and business protocols.
- Receive information about companies in the United States that are interested in doing business with local businesses.
International Buyer Program
International Buyer Program supported shows are excellent opportunities to identify and meet with motivated U.S. exporters exhibiting at the shows. Join a U.S. Commercial Service-organized buyer delegation and receive member’s benefits, including: assistance of a trade specialist during the fair, access to the International Business Center, translation services, meeting rooms, among others.
NUSA Program “Networking with the United States”
A fee-based membership program for Dominican companies interested in establishing business relationships with U.S. exporters and investors. It is especially targeted for service companies such as travel agencies, customs agencies, couriers, law firms, and translation and interpretation services.
The mission of SelectUSA is to promote and facilitate Foreign Direct Investment in the United States. The initiative is a function of the U.S. Department of Commerce represented abroad by the Commercial Service at US Embassies and Consulates in 75 countries.