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Trade turnover between India & Dominican Republic reaches one billion US dollar, says EAM S. Jaishankar

News Point Bureau by News Point Bureau
April 29, 2023
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Trade turnover between India & Dominican Republic reaches one billion US dollar, says EAM S. Jaishankar
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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.

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.

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