The Dominican Republic is an archipelago of the Caribbean located in the eastern part of the island of Haiti of which it occupies two thirds. The country is bordered to the north by the Atlantic Ocean, to the east by the Mona Passage, which separates it from Puerto Rico, and to the south by the Caribbean Sea. The country has a GDP close to US$75,93 billion, a population of nearly 10 million inhabitants and a surface area of 48,730 sq.kms. The Dominican Republic is the second largest country in the Caribbean after Cuba (source: World Bank – FMI – Tresor, 2017).
The economy of the Dominican Republic, long focused on agricultural exports, has been redirected towards free-trade zones and tourism. These two sectors have taken over from the sugar economy. Shipments from abroad are also a significant source for the country. The Dominican Republic is the leading tourist destination in the Caribbean, with more than 4 million tourists a year, half of whom come from North America. The United States is the Dominican Republic’s main trading partner, followed by Venezuela, Mexico, the Netherlands and Japan.
The Dominican Republic (DR) is France’s largest trading partner in the Caribbean. The French economic presence in the Dominican Republic is reflected in the establishment of large groups in the sectors of infrastructure and transport, telecommunications and engineering, retail and tourism.
In order to meet the needs of its customers on the Dominican market, Simon Associés has developed privileged relations with economic and legal partners locally.