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What are free trade zones Dominican Republic?

The Dominican Republic Free Zones are a globally recognized network of 74 free trade zones intentionally designed to reduce global business barriers, improve business productivity, and scale targeted industry sectors. This award-winning regime is backed by a powerful incentive structure and vibrant community.

Does Dominican Republic have free trade?

The Dominican Republic is member of numerous free trade agreements. In addition, the country has established more than 50 free trade zones, the “Zonas Francas”.

How many free trade zones are currently operational in the Dominican Republic?

75 Dominican
That is because, with 75 Dominican Republic free trade zones found around the country, a wide range of sectors can access the benefits that the zones offer, with more than 690 companies already located in one of them.

What does the Dominican Republic trade?

The Dominican Republic mostly exports ferronickel, cigars, plastics, electrical equipment, bananas, jewellery, medical equipment, clothing, scrap metals and beverages. The Dominican Republic’s main exports partner is the United States, accounting for over 65 percent of total trade.

What does CAFTA-DR do?

Central America–Dominican Republic Free Trade Agreement (CAFTA-DR), trade agreement signed in 2004 to gradually eliminate most tariffs, customs duties, and other trade barriers on products and services passing between the countries of Costa Rica, the Dominican Republic, El Salvador, Guatemala, Honduras, Nicaragua, and …

What countries share Hispaniola?

The Dominican Republic and Haiti, together, make up an island known as Hispaniola, Cuba’s southeastern neighbour in the Caribbean Sea. The two countries are linked by geography and an interwoven history shaped by colonial rule. The Arawak and Carib peoples lived on the island before Columbus landed there in 1492.

What percent of the Caribbean population resides in the Greater Antilles?

With an area of 207,411 square kilometres (80,082 sq mi), not counting the Virgin Islands, the Greater Antilles constitute nearly 90% of the land mass of the entire West Indies, as well as over 90% of its population.

What is an example of a free trade zone?

Free-trade zones are organized around major seaports, international airports, and national frontiers—areas with many geographic advantages for trade. Examples include Hong Kong, Singapore, Colón (Panama), Copenhagen, Stockholm, Gdańsk (Poland), Los Angeles, and New York City.

What are Dominican Republic main exports?

What type of economy is the Dominican Republic?

The Dominican Republic has a mixed economic system which includes a variety of private freedom, combined with centralized economic planning and government regulation.