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Santo Domingo.- 93% of Dominican Republic’s imports from Caribbean countries come specifically from Trinidad and Tobago, revealed the new president of the Trinidad and Tobago Chamber of Commerce in Dominican Republic.

Federico Reyes said aside from being the supplier of liquefied petroleum gas and natural gas to Dominican Republic, that Caribbean country exports steel, beverages, cereals, fertilizers and electrical equipment.

As to Dominican Republic’s sales in the Caribbean markets Reyes noted that its exports reached US$134 million in 2008, with Jamaica leading with 47% and Trinidad and Tobago second with 12%. “Between the two we have a total of 59% of the total Dominican Republic exports to the Caribbean.”

The business leader said the country sells steel, cement, plastics and fertilizers, which show a great complementariness of exports and imports and opportunities for more cooperation between both nations.

Reyes also announced that the country, via the Chamber, will participate in the Trade Fair and Investment Conference 2010, from May 21 to 23 in Port of Spain, Trinidad and Tobago, as part of the actions implemented by the new directors.

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COMMENTS
8 comment(s)
Written by: conconeteDOTcom, 5 Apr 2010 12:01 PM
From: Qatar, .. Conconete.com
Too bad their economies are not as big as that of DR, so that more could be exported there. :-(

Comment made by: Conconete DOT com
Written by: dreadlocks, 5 Apr 2010 12:16 PM
From: United States
too bad that the DR puts so many impediments against other countries selling their products here.
Written by: mp1972, 5 Apr 2010 2:23 PM
From: Canada
The per capita income of Trinidad is twice that of the DR. It is a USD$ 28 Billion economy.
Written by: dreadlocks, 5 Apr 2010 9:37 PM
From: United States
that is what comes from having oil and natural gas. glad you said that, though. there are guys on this site who believe that we are the big dog of the caribbean from an economic standpoint.
Written by: DONT_BE_SILENT, 6 Apr 2010 7:57 AM
From: Dominican Republic, NEVER FORGOTTEN, NEVER FORSAKEN!
I know we could do better, both, as a trading partner, and as a exporter nation. We have the natural resourses, but we're not taking advantage of it. We need smarter administrators.
Written by: dreadlocks, 6 Apr 2010 9:27 AM
From: United States
DONT BE SILENT, the DR has observer status in CARICOM, but has never received full membership because the other islands are not satisfied that the DR wants to play on a level field. it exports tons of products to Jamaica, but you cannot import anything from there to here. i know this for a fact. try getting any help from the trade minister, and you will see what i mean. the only reason why Trinidad has such robust trade here is because of the oil and natural gas. otherwise , it would all be one way trade with the caribbean.
Written by: Atabey, 7 Apr 2010 12:58 PM
From: United States, NYC
Dread,

But it's not only the impediments from the DR side that has hindered trade flows. The CARICOM have long viewed the comparative advantages of the DR in several sectors as difficult to bridge for their small players. It's one of the reasons why they fought to exclude DR from the favorable European market incentives they enjoyed for many years. Now with the Haitian Reconstruction Project and the billions of promised grants and aid potentially flowing into the island, CARICOM wants to "talk business." I say that LF has a few more chips on his side to deal.
Written by: dreadlocks, 7 Apr 2010 8:20 PM
From: United States
the CARICOM nations have in fact been worried about the competitive advantage that the DR hold in terms of the size of its production capacity. however, i know, from personal experience, that the DR has tried to keep products from Caricom coming into the DR, while the same is not exactly true of caricom.
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