Govt nod to proposal to set up trade committee of India, Dominican Republic
The government on Wednesday approved a proposal to sign a protocol for setting up a Joint Economic and Trade Committee (JETCO) between India and Caribbean nation Dominican Republic.
A decision in this regard was taken in a meeting of the Union Cabinet, chaired by Prime Minister Narendra Modi here.
The joint committee, an official statement said, will provide a platform for the exchange of information between various authorities and their counterparts.
“This would help in facilitating trade of goods and services and consequentially help in better employment opportunities for professionals in both the countries,” it said.
The Cabinet “approved the proposal for signing of a protocol for the establishment of JETCO between the (Indian) Department of Commerce and the Ministry of Foreign Affairs of the Dominican Republic,” the statement said.
At present, there is no bilateral institutional mechanism between the two nations on trade and commerce, it added.
India primarily imports gold fr

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