External Affairs Minister S. Jaishankar said the trade turnover between
India and the Dominican Republic has reached almost one billion US
dollar. Addressing the India-Dominican Republic Business Event in the
Dominican Republic yesterday, Jaishankar added that a lot of trade is
done in pharmaceuticals, marine, gold, and paper products.
@DrSJaishankar
He also noted that there are a few Indian companies that have already
established offices in the Dominican Republic. Jaishankar also said
there are some of India's big automobile dealers, and two-wheeler
dealers have local dealers in the Dominican Republic.
On the agreement signed between India and Dominican Republic, the
External Affairs Minister said the two countries concluded talks on a
joint economic and trade cooperation (JETCO) mechanism. He further
stated that the agreement is in its final stages of approval and is
expected to be finalised soon.
He also hoped that JETCO will, in many ways, become a platform for
regular meetings, addressing economic and business cooperation
opportunities between India and the Dominican Republic. Jaishankar also
touched on his meeting with the President of the Dominican Republic,
Luis Abinader, saying the discussions centred on promoting business
between the two countries. Earlier, yesterday, Jaishankar arrived in
Santo Domingo, Dominican Republic for his first official visit to the
country.
SOURCE ; AIR
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