JETCO with Dominican Republic

• The Union Cabinet has granted approval for the signing of a protocol establishing a Joint Economic and Trade Committee (JETCO) between India and Dominican Republic.
• This committee will bring together the Department of Commerce, Ministry of Commerce and Industry of the Republic of India, and the Ministry of Foreign Affairs of the Dominican Republic.
• This collaborative effort is expected to facilitate trade and industry interactions between the two countries.
• India predominantly imports gold from the Dominican Republic while exporting pharmaceuticals, marine products, motor vehicles, two and three-wheelers, among other items.

ABOUT DOMINICAN REPUBLIC

• The Dominican Republic is a nation on the island of Hispaniola, part of the Great Antilles archipelago between the Caribbean region and the North Atlantic Ocean.
• It is bordered by Haiti on the east and consists primarily of rugged mountains with fertile valleys.