India and Dominican Republic to Strengthen Economic Ties with JETCO Protocol

• 16 Mar 2024

Source: PIB

The protocol for the establishment of the Joint Economic and Trade Committee (JETCO) between India and the Dominican Republic was signed at Santo Domingo (Capital of the Dominican Republic).

• The protocol envisages strengthening and develop cooperation on trade, services, industrial technologies and various other sectors by means of technical assistance, training programmes and capacity building.
• Diplomatic relations between India and Dominican Republic were established in May 1999. However, at present, there is no bilateral institutional mechanism between India and the Dominican Republic on trade and commerce.
  • India primarily imports gold from the Dominican Republic and exports pharmaceuticals, marine products, motor vehicles, two and three-wheelers etc.

Read more: India-Dominican Republic Relations