Events > LATAC Opportunities Brochure

Latin America & the Caribbean

Opportunities for UK companies

Dominican Republic

The Dominican Republic has the largest GDP in the Caribbean[1]. Tourism, remittances, foreign direct investment, mining revenues, free-trade zones, and telecommunications have helped make the Dominican Republic one of the fastest-growing economies in Latin America and the Caribbean include BT, Bupa International, De La Rue, Deloitte, Diageo, Ernst & Young, G4S, Pinewood Studios and Unilever.

Market Detail

The Dominican Republic’s strategic geographic position, ports and airports allow access to the United States, Latin America and the Caribbean. The Dominican Republic is a member of the World Trade Organization (WTO) and the Caribbean Community (CARICOM).

UK businesses exporting to the Dominican Republic will find:

  • English widely spoken as a business language
  • No exchange controls
  • Excellent port and airport connectivity
  • Open economy with strong appetite for imported goods and technology
  • Stable political and economic environment
  • Currency stability
  • Modern transportation infrastructure

Opportunities in the Dominican Republic for UK companies:

  • Food and Drink
  • Consumer retail
  • Infrastructure
  • Energy (Renewable and Conventional)
  • Agriculture

[1]IMF World Economic Outlook, October 2020 [LINK]