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
CONTRACTSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Agency0/20.00%2.00%8Weak
Conflict of laws0/70.00%3.00%27Weak
E-commerce2/3 (66.67%)66.67%18.00%2Strong
Franchising0/10.00%0.00%1Average
Leasing/Factoring0/20.00%5.00%13Weak
Principles, trade usages and standards0/20.00%0.00%1Average
Procurement0/40.00%3.00%31Weak
Sale of Goods3/5 (60.00%)81.82%25.00%2Strong
Travel contracts0/10.00%3.00%7Weak
Total527.54%9.00%5Strong
 
CUSTOMSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Customs Codification2/3 (66.67%)100.00%78.00%1Strong
Customs Cooperation1/6 (16.67%)33.33%26.00%71Strong
Exemption from Duties0/90.00%30.00%133Weak
Temporary Admission1/11 (9.09%)8.82%28.00%114Weak
Transit0/40.00%28.00%98Weak
Total414.13%31.00%126Weak
 
DISPUTE RESOLUTIONInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Arbitration2/6 (33.33%)50.00%32.00%29Strong
Judicial cooperation1/5 (20.00%)26.32%36.00%76Weak
Recognition of foreign judgments0/20.00%2.00%6Weak
State court jurisdiction0/40.00%14.00%29Weak
State court procedure0/10.00%6.00%12Weak
State immunities 0/10.00%11.00%22Weak
Total330.00%29.00%69Weak
 
ENVIRONMENT AND PRODUCTSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Air4/5 (80.00%)80.00%86.00%59Weak
Chemicals1/1 (100.00%)100.00%78.00%1Strong
Energy0/20.00%25.00%50Weak
Flora and fauna5/10 (50.00%)54.35%68.00%152Weak
Foodstuff1/2 (50.00%)37.50%79.00%136Weak
General1/1 (100.00%)100.00%95.00%1Weak
International watercourses0/10.00%18.00%36Weak
Maritime and Law of the Sea10/26 (38.46%)43.48%46.00%110Weak
Protected geographical areas 0/10.00%27.00%54Weak
Waste1/1 (100.00%)100.00%93.00%1Weak
Total2353.65%61.00%129Weak
 
FINANCE, PAYMENTS AND INSOLVENCYInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Assignment of receivables0/10.00%1.00%2Weak
Bankruptcy and insolvency0/10.00%21.00%41Weak
Bills of exchange and promissory notes0/40.00%8.00%43Weak
Cheques0/30.00%13.00%36Weak
Credit transfers0/10.00%0.00%1Average
International guarantees0/30.00%20.00%75Weak
Total00.00%12.00%117Weak
 
GOOD GOVERNANCE Inst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Corruption1/4 (25.00%)41.67%50.00%92Weak
Cultural Property2/4 (50.00%)50.00%54.00%61Weak
Drugs3/3 (100.00%)100.00%95.00%1Weak
Insider Trading0/10.00%4.00%9Weak
Organized crime2/2 (100.00%)100.00%80.00%1Strong
Total869.23%68.00%86Weak
 
HUMAN RIGHTS AND LABOUR STANDARDSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Human Rights7/7 (100.00%)100.00%96.00%1Weak
Labour Standards8/8 (100.00%)100.00%86.00%1Strong
Total15100.00%91.00%1Average
 
INSTITUTIONAL PARTICIPATIONInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Dispute Resolution1/1 (100.00%)100.00%39.00%1Strong
International Trade Law 6/10 (60.00%)60.00%73.00%126Weak
Trade support institutions4/6 (66.67%)66.67%51.00%56Strong
Total1164.71%63.00%79Weak
 
INTELLECTUAL PROPERTYInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Broadcasting1/1 (100.00%)100.00%47.00%1Strong
Copyright3/3 (100.00%)100.00%65.00%1Strong
Industrial designs0/20.00%31.00%82Weak
Integrated circuits0/10.00%2.00%4Weak
Neighboring Rights2/3 (66.67%)76.92%46.00%61Strong
Origin1/3 (33.33%)33.33%14.00%24Strong
Patents3/5 (60.00%)71.43%57.00%60Strong
Trademarks1/6 (16.67%)22.73%33.00%86Weak
Varieties of plants1/1 (100.00%)100.00%37.00%1Strong
Total1256.84%42.00%60Strong
 
INVESTMENTSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Investment disputes0/20.00%39.00%152Weak
Investment guaranty1/1 (100.00%)100.00%93.00%1Weak
Total133.33%57.00%148Weak
 
PRODUCTSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Marine Resources0/10.00%24.00%48Weak
Timber0/10.00%31.00%61Weak
General1/1 (100.00%)100.00%92.00%1Weak
Total138.46%53.00%85Weak
 
TRANSPORT AND TELECOMMUNICATIONSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Air transport6/7 (85.71%)85.71%59.00%47Strong
Aircrafts and civil aviation 4/9 (44.44%)56.00%74.00%151Weak
Maritime shipping and load lines 4/13 (30.77%)51.43%66.00%154Weak
Maritime transport6/12 (50.00%)41.67%27.00%30Strong
Multi modal transport 0/20.00%4.00%15Weak
Rail transport0/30.00%22.00%50Weak
Road transport0/40.00%31.00%86Weak
Space2/4 (50.00%)66.67%40.00%55Strong
Telecommunications0/20.00%47.00%114Weak
Total2243.24%50.00%123Weak
 
TREATIES LAWInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
General0/40.00%30.00%113Weak
Total00.00%30.00%113Weak
 
WTOInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Plurilateral Agreements0/20.00%18.00%45Weak
WTO Agreements1/1 (100.00%)100.00%81.00%1Strong
Total145.45%47.00%45Weak
 
Strengths and Weakness
Strong
ContractsE-commerce
ContractsSale of Goods
CustomsCustoms Codification
CustomsCustoms Cooperation
Dispute resolutionArbitration
Environment and productsChemicals
Good Governance Organized crime
Human Rights and Labour StandardsLabour Standards
Institutional ParticipationDispute Resolution
Institutional ParticipationTrade support institutions
Intellectual propertyBroadcasting
Intellectual propertyCopyright
Intellectual propertyNeighboring Rights
Intellectual propertyOrigin
Intellectual propertyPatents
Intellectual propertyVarieties of plants
Transport and telecommunicationsAir transport
Transport and telecommunicationsMaritime transport
Transport and telecommunicationsSpace
WTOWTO Agreements
 
Average
ContractsFranchising
ContractsPrinciples, trade usages and standards
Finance, payments and insolvencyCredit transfers
 
Weak
ContractsAgency
ContractsConflict of laws
ContractsLeasing/Factoring
ContractsProcurement
ContractsTravel contracts
CustomsExemption from Duties
CustomsTemporary Admission
CustomsTransit
Dispute resolutionJudicial cooperation
Dispute resolutionRecognition of foreign judgments
Dispute resolutionState court jurisdiction
Dispute resolutionState court procedure
Dispute resolutionState immunities
Environment and productsAir
Environment and productsEnergy
Environment and productsFlora and fauna
Environment and productsFoodstuff
Environment and productsGeneral
Environment and productsInternational watercourses
Environment and productsMaritime and Law of the Sea
Environment and productsProtected geographical areas
Environment and productsWaste
Finance, payments and insolvencyAssignment of receivables
Finance, payments and insolvencyBankruptcy and insolvency
Finance, payments and insolvencyBills of exchange and promissory notes
Finance, payments and insolvencyCheques
Finance, payments and insolvencyInternational guarantees
Good Governance Corruption
Good Governance Cultural Property
Good Governance Drugs
Good Governance Insider Trading
Human Rights and Labour StandardsHuman rights
Institutional ParticipationInternational Trade Law
Intellectual propertyIndustrial designs
Intellectual propertyIntegrated circuits
Intellectual propertyTrademarks
InvestmentsInvestment disputes
InvestmentsInvestment guaranty
ProductsGeneral
ProductsMarine Resources
ProductsTimber
Transport and telecommunicationsAircrafts and civil aviation
Transport and telecommunicationsMaritime shipping and load lines
Transport and telecommunicationsMulti modal transport
Transport and telecommunicationsRail transport
Transport and telecommunicationsRoad transport
Transport and telecommunicationsTelecommunications
Treaties lawGeneral
WTOPlurilateral Agreements
Instruments ratifications

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