The U.S. has a strong interest in a democratic, stable, and economically healthy Dominican Republic. The country’s standing as the largest Caribbean economy, second-largest country in terms of population and land mass, large bilateral trade with the United States, and its proximity to the United States and other smaller Caribbean nations make the Dominican Republic an important partner in hemispheric affairs. The U.S. embassy estimates that 60,000 U.S. citizens live in the Dominican Republic, many are dual nationals, while more than 1 million Dominicans reside in the United States, mostly in the metropolitan Northeast.
U.S. relations with the Dominican Republic are excellent, and the U.S. has been an outspoken supporter of the country's democratic and economic development. The Dominican Government has been supportive of many U.S. initiatives in the United Nations and related agencies. The two governments cooperate in the fight against the traffic in illegal substances. The Dominican Republic has worked closely with U.S. law enforcement officials on issues such as extraditions of fugitives, reducing illegal migration, and the return of stolen cars to the United States.
The United States supports the current administration's efforts to improve Dominican competitiveness, increase foreign private investment, fight corruption, and modernize the tax system. Bilateral trade is important to both countries, and U.S. firms--mostly manufacturers of apparel, footwear, and light electronics--account for much of the foreign private investment in the Dominican Republic.
U.S. exports to the Dominican Republic in 2003 totaled $4.2 billion. The Dominican Republic exported $4.4 million to the U.S. in 2003, equaling some 87% of its export revenues. The U.S. embassy works closely with U.S. business firms and Dominican trade groups, both of which can take advantage of the new opportunities in this growing market. At the same time the embassy is working with the Dominican government to resolve outstanding business disputes from previous administrations.
Please click on the "News, Articles, & Links" button to the left to read about President Leonel Fernandez' recent 10-day trip to the USA to promote investments in the DR.