Dominican Republic Essay

B. International Trade Statistics

1. Major Exports In year 2013, the Dominican Republic exported $7.24B, creating it the 102nd major exporter in the domain. Throughout the past five years the exports of the Dominican Republic have lessening an annualized percentage of -3%, since $8.44B in 2008 to $7.24B in 2013. The utmost current exports are led by Gold which signify 14.1% of the entire exports of the Dominican Republic, tailed by Rolled Tobacco, which rate for 7.29%.

2. Major Imports In year 2013, the Dominican Republic imported $12B, creating it the 100th major importer in the domain. Throughout the past five years the imports of the Dominican Republic have lessen at an annualized percentage of -2.6%, since $13.7B in 2008 to $12B in 2013. The utmost current imports are led by

The Dominican Republic has also wanted to promote its integration into the universal economy through superior agenda, agreeing to a WTO report on the trade policies of Dominican Republic. The Dominican Republic cover progress of all phases of trade policies, plus domestic laws and regulation, the institutional framework. After several centuries of stagnation, the Dominican Republic started a programmed of alterations to reinstate macroeconomic stability and growth. Below the change programmed, trade policy has develop added open and opposition has been stimulated. A huge number of trade restriction have remained deferred in significant effort to change a highly flexible and compound trade system. The fiscal change basic tax code in order to expand the efficiency of tax collection. The tariff change partly shortened the trade system. Tariff discharge were removed and the level and dispersal of the tariff rates diminished, tariffs array from 3 to 35%. Tariff persist one of the best imperative sources of fiscal