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The economy of the Dominican Republic is the seventh largest in Latin America, and is the largest in the Caribbean and Central American region. The Dominican Republic is an upper-middle income [13] developing country with important sectors including mining, tourism, manufacturing (medical devices, electrical equipment, pharmaceuticals, and chemicals), energy, real estate, infrastructure ...
Merchandise exports are goods that are produced in one country and sold to another country. Only physical objects are counting under this kind of exports. For example, cars, clothing, machinery, and agricultural products are merchandise exports. Exports of services are excluded.
Dominica exports water to its Caribbean neighbors; shoes, cement blocks, furniture, and soap and toiletries are also exported. Home industries produce some leather work, ceramics, and straw products. Since the 1990s, the small manufacturing sector has been expanding at a modest pace, including electronic assembly, rum, candles, and paints.
Three men from the Dominican Republic have been extradited to New Jersey to face charges relating to a massive grandparent scam” that stole millions from elderly Americans in the Northeast, the ...
President Mejia only received $120 of the $600 million he asked from the IMF. The Dominican Republic lost 67% of the annual budget and about $700 million. [5] The Dominican Recession (2002) brought a halt to the steady rapid growth brought by the telecommunications and mining sectors. The DR was exporting good and unemployment was down.
With the addition of the Dominican Republic, the trade group's largest economy, the region covered by CAFTA-DR is the second-largest Latin American export market for U.S. producers, behind only Mexico, buying $29 billion (~$36.4 billion in 2023) of goods in 2015. Two-way trade amounted to about $50 billion in the same year.
Goya Foods, Inc. is a producer and distributor of foods and beverages sold in the United States and many Spanish-speaking countries. It has facilities in the United States, Puerto Rico, the Dominican Republic and Spain.
On September 10, 2020, the Dominican Republic Attorney General received the first case on the former Minister of Public Works and presidential candidate of the Dominican Liberation Party (PLD), Gonzalo Castillo, in the purchase of hot tar for RD$11.5 billion (US$194.9 million). [1] [2]