The Method of Entry that is used primarily, in the Dominican Republic, is the use of a distributor (International Trade Administration, 2021). The distributor’s main job is to keep connections with you and the sales people in the country. Some other forms of entry are through the use of a wholly owned subsidiary, a joining venture, franchise or lastly the use of those who have retail in the Dominican Republic (International Trade Administration, 2021). Being that the country itself has to protect themselves financially, it is very important that their advantages outweigh the disadvantages. This is important as it keeps the country in good standing with the use of imports and exports but also maintains the relationship between other countries and the Dominican Republic. The multiple forms of methods of entry are extremely beneficial as it is what the country needs for imports and exports. Although some pose the threat of a financial risk, most common methods have been sought out to be very effective (Sternquist, 1998). Along with the advantages and disadvantages, the Dominican Republic is a popular country for exports as traveling into the country is inexpensive making it easier to communicate or fly into the country to take care of your business. In the case of many Caribbean islands as well as the United States, one must go down to the U.S. Embassy located in the capital, Santo Domingo, Dominican Republic (International Trade Administration, 2021).
Figure 5
Written By: Kelley Martinez
