Latin American Economic Outlook 2016
Towards a New Partnership with China
The Latin American Economic Outlook 2016 is devoted to the evolving relationship between Latin America and China, as well as its prospects in the long term. China's transformation involves a gradual shift in its development strategy, including the rebalancing process from investment to consumption, the demographic transition, the structural transformation towards high value-added goods and services, and a "going-out" policy to approach other regions. This report lays the ground for discussing future trends in the relationship between China and Latin America, given these changing patterns. Based on the analysis of potential transmission channels of China’s new model to the region, which include issues on trade, finance and skills, the outlook aims to identify strategies and policy responses for Latin America to overcome development challenges. Latin America and China can complement each other further and build a mutually beneficial partnership for development.
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Dominican Republic
OECD Development Centre
Trade ties among the Dominican Republic and China are new but flourishing. In 2014, sales to China represented 2% of total exports of goods, which were concentrated mainly in commodity products. Copper ores represented 32% of total exports followed by ferro-alloys (25%), copper waste (12%), instruments used in medical sciences (7%) and ferrous waste (4%). Imports from China in 2014 totalled 12%, making China the second import source after the United States.
Also available in: Spanish
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