The Dominican Republic an excellent and convenient trading partner
to the United States and Canada
The Dominican Republic is nation on the Island of Hispaniola which also includes the country of Haiti. Located in the heart of the Caribbean, the D.R. is positioned just a few hundred miles off the coast of Miami. The proximity and abundant resources are just some of the factors making the Dominican Republic an excellent and convenient trading partner to the United States and Canada. When comparing to manufacturing in Asia, the D.R. has a leveraged cost advantage that is similar, if not better than outsourced manufacturing in the Orient. An additional advantage is the supply time is significantly improved. Shipments of goods can be made in under a weeks' time.
On August 5, 2004, the United States signed the Dominican Republic-Central
America-United States Free Trade Agreement (CAFTA-DR) with five Central American countries (Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua) and the Dominican Republic (the Parties). Under the Agreement, the Parties significantly liberalizes trade in goods and services.
The CAFTA-DR also includes important disciplines relating to: customs administration and trade facilitation, technical barriers to trade, government procurement, investment, telecommunications, electronic commerce, intellectual property rights, transparency and labor and environmental protection.
The Agreement entered into force for the United States and El Salvador on March 1, 2006; for, Honduras and Nicaragua on Aril 1 2006; and for Guatemala on July 1, 2006. The CAFTA-DR entered into force for the Dominican Republic on March 1, 2007, and for Costa Rica on January 1, 2009.
The Dominican Republic is an Island Nation which is part of Hispaniola which also includes Haiti. Located in the Caribbean, just a few hundred miles off the coast of Miami it makes for an excellent and convent trading partner to the United States and Canada. Compared to manufacturing in Asia, the Dominican Republic has a leveraged cost advantage that is similar however the supply time is significantly better.
Shipments of goods can be made in under a weeks time.