Dominican Republic

Abstract

Wikipedia Country Information

The Dominican Republic (Spanish: República Dominicana [reˈpuβliˌka ðoˌminiˈkana]) is a country located in the island of Hispaniola, in the Greater Antilles archipelago of the Caribbean region. It occupies the eastern five-eighths of the island, which it shares with the nation of Haiti, making Hispaniola one of two Caribbean islands, along with Saint Martin, that are shared by two countries. The Dominican Republic is the second-largest Caribbean nation by area (after Cuba) at 48,445 square kilometers (18,705 sq mi), and third by population with approximately 10 million people, of which approximately three million live in the metropolitan area of Santo Domingo, the capital city.
Christopher Columbus landed on the island on December 5, 1492, which the native Taíno people had inhabited since the 7th century. The colony of Santo Domingo became the site of the first permanent European settlement in the Americas, the oldest continuously inhabited city, and the first seat of the Spanish colonial rule in the New World. After more than three hundred years of Spanish rule the Dominican people declared independence in November 1821. The leader of the independence movement José Núñez de Cáceres, intended the Dominican nation to unite with the country of Gran Colombia, but no longer under Spain's custody the newly independent Dominicans were forcefully annexed by Haiti in February 1822. Independence came 22 years later after victory in the Dominican War of Independence in 1844. Over the next 72 years the Dominican Republic experienced mostly internal conflicts and a brief return to colonial status before permanently ousting Spanish rule during the Dominican War of Restoration of 1865. A United States occupation lasted eight years between 1916 and 1924, and a subsequent calm and prosperous six-year period under Horacio Vásquez Lajara was followed by the dictatorship of Rafael Leónidas Trujillo until 1961. A civil war in 1965, the country's last, was ended by U.S. military occupation and was followed by the authoritarian rule of Joaquín Balaguer, 1966–1978. Since then, the Dominican Republic has moved toward representative democracy and has been led by Leonel Fernández for most of the time since 1996. Danilo Medina, the Dominican Republic's current president, succeeded Fernandez in 2012, winning 51% of the electoral vote over his opponent ex-president Hipólito Mejía.
The Dominican Republic has the ninth-largest economy in Latin America and is the largest economy in the Caribbean and Central American region. Over the last two decades, the Dominican Republic has had one of the fastest-growing economies in the Americas – with an average real GDP growth rate of 5.4% between 1992 and 2014. GDP growth in 2014 and 2015 reached 7.3 and 7.0%, respectively, the highest in the Western Hemisphere. In the first half of 2016 the Dominican economy grew 7.4% continuing its trend of rapid economic growth. Recent growth has been driven by construction, manufacturing, tourism, and mining. The country is the site of the second largest gold mine in the world, the Pueblo Viejo mine. Private consumption has been strong, as a result of low inflation (under 1% on average in 2015), job creation, as well as high level of remittances.
The Dominican Republic is the most visited destination in the Caribbean. The year-round golf courses are major attractions. A geographically diverse nation, the Dominican Republic is home to both the Caribbean's tallest mountain peak, Pico Duarte, and the Caribbean's largest lake and point of lowest elevation, Lake Enriquillo. The island has an average temperature of 26 °C (78.8 °F) and great climatic and biological diversity. The country is also the site of the first cathedral, castle, monastery, and fortress built in the Americas, located in Santo Domingo's Colonial Zone, a World Heritage Site. Music and sport are of great importance in the Dominican culture, with Merengue and Bachata as the national dance and music, and baseball as the favorite sport.


Summary
Instruments ratified: 106 / 282
World Average Ratifications: 114 / 282
Ratification rate: 35.83%
World Average Rate: 41.25%
Weighted score: 41.18%
World Average Weighted Score: 41.25%
World rank: 122 / 194
Caribbean rank: 6 / 13
Caribbean Avg. Ratifications: 100 / 282
Developing country rank: 57 / 87
Developing country Avg. Ratifications: 109 / 282
Small island developing States rank: 10 / 37
Small island developing States Avg. Ratifications: 86 / 282
Comparative Statistical Analysis
CONTRACTS Inst. ratified Country score World avg. score Country rank in world Strength
Agency 0/2 0.00% 2.00% 8 Weak
Conflict of laws 0/7 0.00% 3.00% 27 Weak
E-commerce 2/3 (66.67%) 66.67% 18.00% 2 Strong
Franchising 0/1 0.00% 0.00% 1 Average
Leasing/Factoring 0/2 0.00% 5.00% 13 Weak
Principles, trade usages and standards 0/2 0.00% 0.00% 1 Average
Procurement 0/4 0.00% 3.00% 31 Weak
Sale of Goods 3/5 (60.00%) 81.82% 25.00% 2 Strong
Travel contracts 0/1 0.00% 3.00% 7 Weak
Total 5 27.54% 9.00% 5 Strong
 
CUSTOMS Inst. ratified Country score World avg. score Country rank in world Strength
Customs Codification 2/3 (66.67%) 100.00% 78.00% 1 Strong
Customs Cooperation 1/6 (16.67%) 33.33% 26.00% 71 Strong
Exemption from Duties 0/9 0.00% 30.00% 133 Weak
Temporary Admission 1/11 (9.09%) 8.82% 28.00% 114 Weak
Transit 0/4 0.00% 28.00% 98 Weak
Total 4 14.13% 31.00% 126 Weak
 
DISPUTE RESOLUTION Inst. ratified Country score World avg. score Country rank in world Strength
Arbitration 2/6 (33.33%) 50.00% 32.00% 29 Strong
Judicial cooperation 1/5 (20.00%) 26.32% 36.00% 76 Weak
Recognition of foreign judgments 0/2 0.00% 2.00% 6 Weak
State court jurisdiction 0/4 0.00% 14.00% 29 Weak
State court procedure 0/1 0.00% 6.00% 12 Weak
State immunities 0/1 0.00% 11.00% 22 Weak
Total 3 30.00% 29.00% 69 Weak
 
ENVIRONMENT AND PRODUCTS Inst. ratified Country score World avg. score Country rank in world Strength
Air 4/5 (80.00%) 80.00% 86.00% 59 Weak
Chemicals 1/1 (100.00%) 100.00% 78.00% 1 Strong
Energy 0/2 0.00% 25.00% 50 Weak
Flora and fauna 5/10 (50.00%) 54.35% 68.00% 152 Weak
Foodstuff 1/2 (50.00%) 37.50% 79.00% 136 Weak
General 1/1 (100.00%) 100.00% 95.00% 1 Weak
International watercourses 0/1 0.00% 18.00% 36 Weak
Maritime and Law of the Sea 10/26 (38.46%) 43.48% 46.00% 110 Weak
Protected geographical areas 0/1 0.00% 27.00% 54 Weak
Waste 1/1 (100.00%) 100.00% 93.00% 1 Weak
Total 23 53.65% 61.00% 129 Weak
 
FINANCE, PAYMENTS AND INSOLVENCY Inst. ratified Country score World avg. score Country rank in world Strength
Assignment of receivables 0/1 0.00% 1.00% 2 Weak
Bankruptcy and insolvency 0/1 0.00% 21.00% 41 Weak
Bills of exchange and promissory notes 0/4 0.00% 8.00% 43 Weak
Cheques 0/3 0.00% 13.00% 36 Weak
Credit transfers 0/1 0.00% 0.00% 1 Average
International guarantees 0/3 0.00% 20.00% 75 Weak
Total 0 0.00% 12.00% 117 Weak
 
GOOD GOVERNANCE Inst. ratified Country score World avg. score Country rank in world Strength
Corruption 1/4 (25.00%) 41.67% 50.00% 92 Weak
Cultural Property 2/4 (50.00%) 50.00% 54.00% 61 Weak
Drugs 3/3 (100.00%) 100.00% 95.00% 1 Weak
Insider Trading 0/1 0.00% 4.00% 9 Weak
Organized crime 2/2 (100.00%) 100.00% 80.00% 1 Strong
Total 8 69.23% 68.00% 86 Weak
 
HUMAN RIGHTS AND LABOUR STANDARDS Inst. ratified Country score World avg. score Country rank in world Strength
Human Rights 7/7 (100.00%) 100.00% 96.00% 1 Weak
Labour Standards 8/8 (100.00%) 100.00% 86.00% 1 Strong
Total 15 100.00% 91.00% 1 Average
 
INSTITUTIONAL PARTICIPATION Inst. ratified Country score World avg. score Country rank in world Strength
Dispute Resolution 1/1 (100.00%) 100.00% 39.00% 1 Strong
International Trade Law 6/10 (60.00%) 60.00% 73.00% 126 Weak
Trade support institutions 4/6 (66.67%) 66.67% 51.00% 56 Strong
Total 11 64.71% 63.00% 79 Weak
 
INTELLECTUAL PROPERTY Inst. ratified Country score World avg. score Country rank in world Strength
Broadcasting 1/1 (100.00%) 100.00% 47.00% 1 Strong
Copyright 3/3 (100.00%) 100.00% 65.00% 1 Strong
Industrial designs 0/2 0.00% 31.00% 82 Weak
Integrated circuits 0/1 0.00% 2.00% 4 Weak
Neighboring Rights 2/3 (66.67%) 76.92% 46.00% 61 Strong
Origin 1/3 (33.33%) 33.33% 14.00% 24 Strong
Patents 3/5 (60.00%) 71.43% 57.00% 60 Strong
Trademarks 1/6 (16.67%) 22.73% 33.00% 86 Weak
Varieties of plants 1/1 (100.00%) 100.00% 37.00% 1 Strong
Total 12 56.84% 42.00% 60 Strong
 
INVESTMENTS Inst. ratified Country score World avg. score Country rank in world Strength
Investment disputes 0/2 0.00% 39.00% 152 Weak
Investment guaranty 1/1 (100.00%) 100.00% 93.00% 1 Weak
Total 1 33.33% 57.00% 148 Weak
 
PRODUCTS Inst. ratified Country score World avg. score Country rank in world Strength
Marine Resources 0/1 0.00% 24.00% 48 Weak
Timber 0/1 0.00% 31.00% 61 Weak
General 1/1 (100.00%) 100.00% 92.00% 1 Weak
Total 1 38.46% 53.00% 85 Weak
 
TRANSPORT AND TELECOMMUNICATIONS Inst. ratified Country score World avg. score Country rank in world Strength
Air transport 6/7 (85.71%) 85.71% 59.00% 47 Strong
Aircrafts and civil aviation 4/9 (44.44%) 56.00% 74.00% 151 Weak
Maritime shipping and load lines 4/13 (30.77%) 51.43% 66.00% 154 Weak
Maritime transport 6/12 (50.00%) 41.67% 27.00% 30 Strong
Multi modal transport 0/2 0.00% 4.00% 15 Weak
Rail transport 0/3 0.00% 22.00% 50 Weak
Road transport 0/4 0.00% 31.00% 86 Weak
Space 2/4 (50.00%) 66.67% 40.00% 55 Strong
Telecommunications 0/2 0.00% 47.00% 114 Weak
Total 22 43.24% 50.00% 123 Weak
 
TREATIES LAW Inst. ratified Country score World avg. score Country rank in world Strength
General 0/4 0.00% 30.00% 113 Weak
Total 0 0.00% 30.00% 113 Weak
 
WTO Inst. ratified Country score World avg. score Country rank in world Strength
Plurilateral Agreements 0/2 0.00% 18.00% 45 Weak
WTO Agreements 1/1 (100.00%) 100.00% 81.00% 1 Strong
Total 1 45.45% 47.00% 45 Weak
 
Strengths and Weakness
Strong
Contracts E-commerce
Contracts Sale of Goods
Customs Customs Codification
Customs Customs Cooperation
Dispute resolution Arbitration
Environment and products Chemicals
Good Governance Organized crime
Human Rights and Labour Standards Labour Standards
Institutional Participation Dispute Resolution
Institutional Participation Trade support institutions
Intellectual property Broadcasting
Intellectual property Copyright
Intellectual property Neighboring Rights
Intellectual property Origin
Intellectual property Patents
Intellectual property Varieties of plants
Transport and telecommunications Air transport
Transport and telecommunications Maritime transport
Transport and telecommunications Space
WTO WTO Agreements
 
Average
Contracts Franchising
Contracts Principles, trade usages and standards
Finance, payments and insolvency Credit transfers
 
Weak
Contracts Agency
Contracts Conflict of laws
Contracts Leasing/Factoring
Contracts Procurement
Contracts Travel contracts
Customs Exemption from Duties
Customs Temporary Admission
Customs Transit
Dispute resolution Judicial cooperation
Dispute resolution Recognition of foreign judgments
Dispute resolution State court jurisdiction
Dispute resolution State court procedure
Dispute resolution State immunities
Environment and products Air
Environment and products Energy
Environment and products Flora and fauna
Environment and products Foodstuff
Environment and products General
Environment and products International watercourses
Environment and products Maritime and Law of the Sea
Environment and products Protected geographical areas
Environment and products Waste
Finance, payments and insolvency Assignment of receivables
Finance, payments and insolvency Bankruptcy and insolvency
Finance, payments and insolvency Bills of exchange and promissory notes
Finance, payments and insolvency Cheques
Finance, payments and insolvency International guarantees
Good Governance Corruption
Good Governance Cultural Property
Good Governance Drugs
Good Governance Insider Trading
Human Rights and Labour Standards Human rights
Institutional Participation International Trade Law
Intellectual property Industrial designs
Intellectual property Integrated circuits
Intellectual property Trademarks
Investments Investment disputes
Investments Investment guaranty
Products General
Products Marine Resources
Products Timber
Transport and telecommunications Aircrafts and civil aviation
Transport and telecommunications Maritime shipping and load lines
Transport and telecommunications Multi modal transport
Transport and telecommunications Rail transport
Transport and telecommunications Road transport
Transport and telecommunications Telecommunications
Treaties law General
WTO Plurilateral Agreements
Instruments ratifications

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