| Brief Introduction of Bilateral Economic and Trade Ties Between China and Dominica |
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| 2007-08-31 15:21 |
The bilateral economic and trade cooperation between China and Dominica has progressed smoothly since the establishment of the diplomatic relations on 23 March 2004.
Bilateral trade
According to the statistics of China Customs, the bilateral trade volume in 2006 achieved USD69.048 million, up 38.1% year-on-year. Among them, China export reached USD60.864 million, up 24.1% and import reached USD8.184 million, up 765.3%. The main products exported from China to Dominica include electromechanical products, textile, clothing & accessories, footwear, and products imported from Dominica are mostly abandoned aluminum, medical instrument and equipment, etc. The bilateral trade volume between China and Dominica during the first half of 2007 amounted to USD42.914 million, up 53% over the same period of 2006, with China export reaching USD33.573 million and import reaching USD9.341 million , up 25.5% and 617.4% respectively.
Economic cooperation for mutual benefit
MOFCOM statistics indicated that Chinese enterprises had accomplished a turnover of USD28.19 million from project engineering and labor service cooperation in Dominica by the end of June 2007. The actual investment from Dominica to China totaled USD3.02m and there is no direct investment from China to Dominica. |
