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.
