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Monday, January 24, 2011

Dominican exports to India will top US$20 million, official says

Dominican Republic Export and Investment Center (CEI-RD) director Eddy Martinez is confident that exports to India will double this year, from around US$10 million to US$20 million.

He said the country exported US$58.9 million from 2006 to 2010, with products including cacao beans, handmade, steel and paper for recycling, cigars, uncured animal skins, pharmaceuticals, wood furniture, dental items, larimar stone, car batteries, among others.

Martinez said he’s also expects that Indian investors’ interest will grow once they learn of Dominican Republic’s benefits on trade, in his view evidenced by the stable climate for investment. “We want to stimulate the arrival of new capitals in the areas of call centers, cinema and others which contribute to our country’s high tech.”

The CEI-RD director spoke in the seminar:

“Business Opportunities between Dominican Republic and India,” organized by the India Chamber of Commerce in Dominican Republic, hosed by the India Embassy, CEI-RD, the Round Table of Commonwealth Countries, the Dominican Agribusiness Board (JAD) and the Dominican Exporters Association (ADOEXPO).

The seminar gathered the diverse sectors interested in learning of trade opportunities with India and how to do businesses between both nations.

Recently India’s newly appointed ambassador Deepak Bhojwani listed his country’s political, economic and social potential for the Dominican Republic. The diplomat spoke on the subject “Situation and Perspective of Bilateral Relations between Dominican Republic and India.”

Source: Dominican Today

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