The bilateral relations between the Dominican Republic and Belgium are based on mutual respect and shared values and have a vast potential for cooperation and exchange.
In the political arena, we share the concern for the strengthening of democracy, the rule of law, equality, solidarity and respect for the principles of the Charter of the United Nations and international law.
Today, the trade of the Dominican Republic with Belgium presents a positive balance. The exchange of goods between Belgium and the Dominican Republic reached a historical record totalling $262.9 million euros in 2017, for an increase of +3% compared to 2016. Belgium is the second destination of Dominican exports in the EU and the seventh most significant provider of European goods in the country.
The Dominican Republic is the ninth commercial partner of Belgium in Latin America, behind Brazil, Mexico, Argentina, Chile, Colombia, Peru, Costa Rica and Ecuador. We’re also its first partner in the Caribbean region.
The dynamic relationship is characterised by having the second largest bilateral surplus of our country with the EU. During the past year, Dominican exports to Belgium amounted to $174.9 million euros, for a slight decrease of (-2% year-on-year), while imports from Belgium stood at $87.9 million euros, for an increase of +16%. The positive balance for the Dominican Republic was $87 million euros, for a coverage rate of 199%.
In the tourism sector, the Dominican Republic has established itself as one of the most popular holiday destinations for Belgian citizens. In 2017, more than 37,000 Belgians visited the Dominican Republic. Presently, five direct flights operate every week between Belgium and the DR.