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Relations Between Latvia and the Dominican Republic [29 Aug 2006]
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The protocol on the establishment of diplomatic relations between the Republic of Latvia and the Dominican Republic was signed on 15 August 2001 in New York, USA.

As of 16 July 2002, the Honorary Consul of Latvia to the Dominican Republic is Mr Pedro Teófilo Lama Haché.


Economic co-operation

Trade (according to data from the Central Statistical Bureau of Latvia)

2005

  • Exports
  1. Lithuania – USD 508,475,828 or 10.44% of Latvia's total exports;
  2. Estonia – USD 503,341,001 or 10.33%;
  3. United Kingdom – USD 495,507,397 or 10.17%;
  4. Germany – USD 491,767,487 or 10.10%;
  5. Russia – USD 402,303,286 or 8.26%;

âÀ¦

116. Dominican Republic – USD 164,702 or 0.00%.

  • Imports
  1. Germany – USD 1,111,125,953 or 13.58% of Latvia's total imports;
  2. Lithuania – USD 1,102,421,169 or 13.47%;
  3. Russia – USD 735,127,202 or 8.98%;
  4. Estonia – USD 633,062,517 or 7.73%;
  5. Poland – USD 509,018,236 or 6.22%;

âÀ¦

109. Dominican Republic – USD 33,551 or 0.00%.


Latvia has a positive trade balance with the Dominican Republic of USD 131,151.


Main export commodities to the Dominican Republic by type of commodity in 2005

Type of commodity

K USD

Percentage of total exports

Total

164.7

100%

Food industry products

89.1

54%

Timber and timber products

63.70

38%


Main import commodities from the Dominican Republic by type of commodity in 2005

Type of commodity

K USD

Percentage of total imports

Total

33.5

100%

Food industry products

33.5

100%


Trade dynamics between Latvia and the Dominican Republic, 1998 - 2005, USD

Year

Export

Import

1998

1,215,019

14,093

1999

-

2,056

2000

-

-

2001

-

4,032

2002

175,640

17,847

2003

-

70,194

2004

31,127

37,454

2005

164,702

33,551

  

 


Investment (according to data from the Bank of Latvia and Lursoft)

As of the end of the first half of 2006, the Dominican Republic had not invested in the equity capital of Latvian-registered companies.

As of 15 August 2006, no Latvian - Dominican joint ventures were registered with the Register of Enterprises of the Republic of Latvia.


Brief information on the Dominican Republic

Official name of the country

The Dominican Republic

Capital

Santo Domingo (2.4 million inhabitants)

Area

48,442 sq. km

Population

8.6 million (2001)

Official language

Spanish

Religion

Roman Catholic - 95%


Contact information

Honorary Consulate of the Republic of Latvia in the Dominican Republic

Mr Pedro Teófilo Lama Haché, Honorary Consul

Address: Calle Gaspar Polanco No 119, Santo Domingo, Dominican Republic

Telephone: (809) 255-0802, extension 113

Fax: (809) 255-0379

E-mail: lvconsulate@codetel.net.do


Scandinavian-Baltic Chamber of Commerce in the Dominican Republic

Dr Kian Abolfazlian, President
Lic. Miguelina Tejada, Administrator
Address: c/o Maersk-Sealand, Calle José Amado Soler #49, Edificio Gampsa, Piso1+2, Ensanche Piantini, Santo Domingo, Republica Dominicana
Telephone: (809) 732-1234 #2005
Fax: (809) 541-2743
E-mail: admin@scanbaltdom.org; dmnclm@maersk.com
Website: www.scanbaltdom.org
K.Valdemara street 3 +371 67016201