Posted by: D. M. | January 29, 2010

Canada and Dominican Republic

Transforming cultures through imports and trade: Canada and Dominican Republic

Canada and the Dominican Republic celebrate 50 years of diplomatic relations in 2004. Since 1954 when the official diplomatic relations were established, Canada’s bilateral ties with the Dominican Republic have significantly grown stronger.

Dominican President Leonel Fernandez and Canadian Prime Minister Paul Martin reached the decision to began a free trade agreement during a meeting on the sidelines of the Americas summit in Mar de Plata, Argentina, which ended on 2005.

Two-way trade between Canada and the Dominican Republic reached US$101 million (?85 million) in 2004. Dominican exports to Canada totaled US$71 million (?59 million), while Canadian imports to the Caribbean country totaled US$30 million (?25 million).

The Dominican Republic’s main exports to Canada include cocoa, grains, tobacco and coffee. The Dominican Republic recently joined five Latin American countries in signing the Central American Free Trade Agreement with the United States.

dominican imports and exports, dominican Republic trades, Rd and Canada Industries and trade Trade

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