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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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COMMENTS
14 comment(s)
Written by: guillermone, 7 Feb 2013 10:47 AM
From: United States, Bring Back DT Forum
Is this good news? Perhaps for Florida but not the DR which continues to have an ever increasing trade deficit of almost a billion dollars with the Sunshine state.
Written by: Ricardolito, 7 Feb 2013 2:03 PM
From: Dominican Republic, Zona Colonial
I think it is good news ..trade balances can vary and although we may be on the wrong side at present , we could be much better off next year
Written by: Atabey, 7 Feb 2013 5:07 PM
From: United States, Bring DT Forum Back--


"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.



Written by: dreadlocks, 7 Feb 2013 7:20 PM
From: United States
Atabey, before you start blowing off the usual steam, have you ever researched what it costs to produce an ounce of gold in the countries that refine the ore, what the margins are, and what it would cost to manufacture it here, given the possible cost differentials of the inputs? didn't think so.
Written by: Atabey, 7 Feb 2013 7:47 PM
From: United States, Bring DT Forum Back--

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.



Written by: dreadlocks, 7 Feb 2013 8:17 PM
From: United States
that's funny. i do not see the part about some local manufacturing component in your post. what does "in part" mean in english?
Written by: Atabey, 7 Feb 2013 8:50 PM
From: United States, Bring DT Forum Back--

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.

------------------

BTW, what's your take on this business of whether or not to force open a renegotiation of the Contract with Barrick Gold?



Written by: dreadlocks, 7 Feb 2013 10:04 PM
From: United States
i am a firm believer in renegotiating international contracts. however, there is a caveat. i do not think that the Barrick contract was characterized by bad faith. it was screwed up because the DR legislators were too eager and zealous to go buy new jeepetas, and signed on the dotted line before reading the contract. they all wanted to get to the dealership to buy the red convertible before another legislator got it. that is what happens when a country is run by guys whose first duty is to line their own pockets. the contract is only 4 years old. good luck getting it renegotiated.
Written by: Atabey, 7 Feb 2013 10:36 PM
From: United States, Bring DT Forum Back--

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!


Written by: PuntaCanaMike, 8 Feb 2013 7:28 AM
From: Dominican Republic
Is this trade to FLA to the state...or simply to it's ports for distribution to other parts of North America?
Written by: MrThelmoAlmeydaRancier, 11 Feb 2013 7:19 PM
From: United States, NJ
PuntaCanaMike:
As always DT expects the readers to be mind readers.They never give you a complete story.When it does it's erratic.
Written by: MrThelmoAlmeydaRancier, 11 Feb 2013 7:22 PM
From: United States, NJ
Atabey:
"a country so small with so many political units!"

How do you think the BOTELLAS are produced ?
Written by: MrThelmoAlmeydaRancier, 11 Feb 2013 7:24 PM
From: United States, NJ
Dr Dread:

Well put, am in full agreement with you !
Written by: airgordo, 11 Feb 2013 11:59 PM
From: Dominican Republic
WHAT does this News means? since we by a LOT of the stuff from florida, are we finally getting some respect on MIAMI inmigration?
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