DOMINICAN REPUBLIC: CENTRAL BANK SAYS NO PRC

C O N F I D E N T I A L SANTO DOMINGO 004224

SIPDIS

DEPT FOR EAP/CM KAYE LEE, WHA/PCP JEFF BISCHOFF, AND
HA/EPSC LAWRENCE GUMBINER; STATE PASS USTR FOR FREEMAN,
WELLER, SHINER;
USDOC FOR DAS LEVINE; STATE PASS EXIMBANK
TREASURY FOR OASIA/INA DOHNER, KOEPKE; PARIS ALSO PASS
USOECD

E.O. 12958: DECL: 09/02/2015
TAGS: ECON ETRD ETTC PREL EFIN XM DR
SUBJECT: DOMINICAN REPUBLIC: CENTRAL BANK SAYS NO PRC
INVESTMENT

REF: A. BEIJING 13822

B. SANTO DOMINGO 04104

Classified By: Classified By: Economic Political Counselor Michael Mei
gs
Reasons: 1.4 (b) and (d)

(C) In contradiction to PRC statistics, officials from the
Dominican Central Bank say that the People's Republic of
China (PRC) has not invested in Dominican Republic outside of
the Free Trade Zones. U.S. Embassy Santo Domingo could not
verify the 2003 USD 106 million that was listed in reftel A.
Below is Dominican Central Bank table of PRC investment in
the from the last three years. These investments were
located in FTZ. For more information please see ref B.


2. (U) Central Bank trade statistics follow:

Country 2002 2003 2004* Total
PRC 0.2 nil 2.6 2.8
Taiwan nil nil nil nil
TOTAL 0.2 nil 2.6 2.8


*Preliminary data
Denominations listed in USD millions
HERTELL