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Santo Domingo.- Trade between Dominican Republic and Florida in 2011 topped US$5.5 billion, a 11.7% jump compared with 2010, according to that State’s Economic Development Organization.
The figure makes Dominican Republic Florida’s 7th biggest global trading partner. Of the total, Florida exported US$3.2 billion to Dominican Republic, which in turn exported US$2.3 to Florida, for a 19.7% rise compared with 2010.
Among the Caribbean country’s items posting the highest growth in percentage figure gold, men’s and boys shirts and fresh or refrigerated vegetables.
The numbers are in a statement emailed Thursday by the American Chamber of Commerce of the Dominican Republic (AMCHAMDR), which notes that Florida’s exports increased only 6.7% compared with 2010, and include semi-finished metals, animal hides and fertilizers. “Given the importance of these business relationships and in order to facilitate new business opportunities for Dominican entrepreneurs, the AMCHAMDR and the U.S. Embassy Commercial Service organized the trade mission to Florida from 7 to 11 April this year.”
"In this kind of trade mission, business meetings tailored to the goal of participating companies are coordinated in the city of Miami, Florida," said AMCHAMDR Business Service Manager Ilka Gomez.
She said businesspersons can learn from an international trade specialist what they need to know to effectively manage their export and /or import company, including customs procedures, required documents, regulations and financing, among others.
“You will also have access to other benefits for your company, such as contact with suppliers of products and raw materials for more competitive prices; obtain representation of U.S. companies, access to a wide range of products to expand their business, better trading conditions through DR CAFTA, among others," Gomez said.
The executive invited those interested to contact AMCHAMDR’s Business Services Dept. for details of how to join this important group of entrepreneurs.
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"Among the Caribbean country’s items posting the highest growth in percentage figure gold, men’s and boys shirts and fresh or refrigerated vegetables."
I would like to see the Gold mining output going, in part, to domestic Dominican manufactures who would then sell jewelry and other greater value products to consumers here and especially aboard, increasing valuable export earnings. This could entice more domestic labor participation, perhaps even suck in some of those "botellas" of the Public sector!
DR needs to get more value added from its mineral wealth. Perhaps the DR leadership should make it a point of future Mineral Contracts to ensure some local manufacturing component. This would ease nationalistic concerns. SOMEWHAT. There are always those that will NEVER agree with foreign investments in the nation.
Good evening Dready.
That's why I said: "I would like to see the Gold mining output going, in part," "to ensure some local manufacturing component."
The "in part" IS important. The rest they can export. But it was just a thought, Dready.
I believe it was implied; you certainly thought it was because you questioned the costs of doing so in DR.
But it was just a thought , Dready.
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BTW, what's your take on this business of whether or not to force open a renegotiation of the Contract with Barrick Gold?
My guess is that at some point both sides will have to yield somewhat. Of course, to the Nationalist ANYTHING else than 100% will be a sell out by Medina. So it's a No-Win situation for him; he's somewhat lucky that his personal dealings back then might shield him from the wrath of the pitchforks
SEGÚN ADODIM
El Gobierno realiza el pago de recursos a los ayuntamientos del país
PAGÓ UNOS 15 MIL 222 MILLONES DE PESOS A LOS 155 AYUNTAMIENTOS Y 228 DISTRITOS MUNICIPALES"
According to ADODIM
The Government makes payment of resources to municipalities in the country
Paid about 15 thousand 222 million pesos to the TOWN HALL 155 and 228 municipal districts
ADODIM President, Peter Richardson, ... He explained that the municipality immediately proceeded to pay suppliers, creditors and employees."
A country so small and with so many political units!
As always DT expects the readers to be mind readers.They never give you a complete story.When it does it's erratic.
"a country so small with so many political units!"
How do you think the BOTELLAS are produced ?
Well put, am in full agreement with you !