India and Dominican Republic Establish Joint Economic and Trade Committee (JETCO)
| Event | Details |
|---|---|
| Date of Event | March 12, 2024 |
| Countries Involved | India and the Dominican Republic |
| Location | Ministry of Foreign Affairs of the Dominican Republic, Santo Domingo |
| Agreement Signed | Protocol for the establishment of the Joint Economic and Trade Committee (JETCO) |
| Signatories | H.E. Mr. Roberto Álvarez (Minister of Foreign Affairs, Dominican Republic) and Mr. Ramu Abbagani (Ambassador of India to the Dominican Republic) |
| Union Cabinet Approval | January 24, 2024 |
| Anniversary Coincided | 25th anniversary of diplomatic relations between India and the Dominican Republic |
| Objectives | Strengthen cooperation in trade, services, and industrial technologies; technical assistance, training programs, and capacity building initiatives |
| Trade Dynamics | India primarily imports gold from the Dominican Republic and exports pharmaceuticals, marine products, motor vehicles, two and three-wheelers, etc. |
| Upcoming Initiative | Inaugural meeting of the India-Dominican Republic JETCO |
| About the Dominican Republic | Located in the West Indies, capital is Santo Domingo, President: Luis Abinader, Prime Minister of Dominica: Roosevelt Skerrit (since 2004) |