Cavedom Estimates 20% Increase in Trade Between Venezuela and Dominican Republic in Two Years
Richard Bolívar, president of the Venezuelan Dominican Chamber of Commerce (Cavedom), indicated that the guild estimates a 20% increase in non-oil trade between Venezuela and the Dominican Republic, "above the 200 million" currently traded. Banca y Negocios Bolívar explained that after the cessation of Petrocaribe operations, both countries opted for the implementation of [...]
TL;DR
- Cavedom estimates a 20% increase in non-oil trade between Venezuela and the Dominican Republic, exceeding $200 million.
- Venezuela exports aluminum, glass, and cement, while importing pharmaceuticals, chemicals, and plastics from the Dominican Republic.
- Cavedom is promoting the resumption of consular and diplomatic activities and organizing business roundtables.
- A direct Caracas-Punta Cana air route will resume on March 12th.
- Additional airlines from both countries are expected to be incorporated later for other international flights.