Dominican Republic signs trade agreement with Cuba
Flag of Cuba

SANTO DOMINGO, Dominican Republic (CMC) — The Dominican Republic has signed a Partial Scope agreement with Cuba in an effort to boost economic, trade and cooperation between both countries.

The agreement was signed by Friday by Foreign minister Miguel Vargas and Cuban deputy Foreign minister Ileana Núñez during a ceremony at the Dominican Foreign Affairs Ministry.

Vargas called the initiative a “historic moment” in the bilateral ties, “which will pave the way for two nations united by strong historical and cultural ties such as the Dominican Republic and Cuba, to build an even stronger ties to benefit their citizens.”

He stressed the bilateral trade of US$91.0 million in 2015, with a nearly 70 per cent jump in Dominican exports to Cuba from 2010 to 2015, of US$53.0 million.

Cuba exported around US$38.0 million to the Dominican Republic in 2015 – 38 per cent higher from 2010 to 2015.

According to Vargas, an area of ??tariff preferences will be established that will have basic trade rules and disciplines aimed at eliminating non-tariff barriers in bilateral trade, “thus helping to create and increase trade and cooperation between the parties and encourage the participation of different economic operators.”

Now you can read the Jamaica Observer ePaper anytime, anywhere. The Jamaica Observer ePaper is available to you at home or at work, and is the same edition as the printed copy available at


  1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper; email addresses will not be published.
  2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.
  3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.
  4. Please do not write in block capitals since this makes your comment hard to read.
  5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed:
  6. If readers wish to report offensive comments, suggest a correction or share a story then please email:
  7. Lastly, read our Terms and Conditions and Privacy Policy

Which long-term investment option is more attractive to you at the moment?