DOMINICAN REPUBLIC TRADE WITH MALAYSIA HAS BEEN GROWING.

DOMINICAN REPUBLIC TRADE WITH MALAYSIA HAS BEEN GROWING.

The country exports cocoa, Cigarettes and Pants.

Trade between the Dominican Republic and Malaysia in the last five years has totaled $ 200 millions of which U.S. $ 167 correspond to the Asian countries.

Malaysia's exports to the Dominican Republic amounted to US29 million, while imports were four million dollars last year.

Malaysia's main exports to the country are machinery and parts (20.7%), electrical and electronic products (20.5%), palm oil (19.4%) and rubber products (15.5%), while the country exports iron and products steel (58%), electrical and electronic products (13.7%) and machinery and parts (11.5%).
The country also exports to Malaysia, among other products, jeans, glasses, organic and conventional cocoa, footwear, handmade cigars and blood transfusion equipment.

Details were provided by Jonathan Rao, director for Latin America Malaysia Trade, at the seminar "Doing Business in Malaysia" organized by the Roundtable of the Countries of the Commonwealth in the Dominican Republic and sponsored by the Federation of Chamber of Commerce.

The president of the Round Table of the countries of the Commonwealth, Fernando Gonzalez Nicolas, stressed that Malaysia offers many opportunities for both countries to attract investment and to increase exports.

The seminar discussed Fernando Puig, executive director of the Federation of Chamber of Commerce and Acelis Angeles, technical deputy director of the Center for Export and Investment of the Dominican Republic.
Santo Domingo, Dominican Republic
June13, 2012
Newspaper: HOY. Page. 3E. Economic