Deandrea Hamilton
Editor
Turks and Caicos, March 22, 2025 – Long before Trump’s tariff talks were making headlines, there was a cadre of Turks and Caicos businesspeople hatching a plan to broaden the shipping lane between the TCI and the Dominican Republic; this coming Tuesday that consortium opens a showcase to expose the potential.
“The opportunities there are endless and we’re doing trade with them as it is, so because of the proximity to the Turks and Caicos Islands it takes half the time to get your products here. The cost of importing products here is very high, because of the freight, so we’re basically saying look at the DR as an alternative,” said Cesar Campbell, president of the TC-DR Trade Alliance.
There will be 25 vendors at the Trade Show on Tuesday March 25, 2025 from 9 a.m. to 5 p.m. at the Shore Club and it’s free to the business community. One only need to RSVP attendance at olympia@olympiadmc.com.
The Turks and Caicos is already trading goods surpassing the $100 million dollar mark with the Dominican Republic; one of the leading markets for sourcing goods particularly in building materials.
The TCI-DR Trade Alliance wants to see the government get involved and establish a firmer link to the wide range of supplies that are closer and more cost effective; it is destined to drive down the cost of living and tame stubborn inflation rates.
“We are doing business but we’re not doing it in a formal way. What we would like to see is more trade between us and the DR, more formally where government is having trade relations and that will come in at some point.”
The Trade Show offers the opportunity to meet top suppliers who are ready, we are informed to introduce local companies to the availabilities in construction, renewable energy, agriculture, gaming, health, food and prefabricated materials.
Recently, Bahamian grocery store chain Super Value and Quality Supermarkets announced a government supported trade relationship which has brought lower cost eggs to the New Providence market. The price of the kitchen staple is half what residents were paying before, and it comes packaged in Super Value branded cartons.
Zhavargo Jolly, the TCI Minister of Agriculture, this weekend announced, the Turks and Caicos is also exploring new possibilities in shopping for eggs in the Dominican Republic, to bring lower prices to the local market.
“The DR is a big exporter of food products, especially where produce is concerned, and poultry and I have no doubt they can meet the demand. There is a market there for us and I have no doubt that they can meet supply demands here,” added Mr. Campbell.
The product options are so diverse that at the Trade Show, there will be an exhibitor showing off its line of hotel supplies including linens.
Admittedly, there is a sizable trade deficit between the Turks and Caicos and all its trade partners, but there is some hope that the deepening of this regional relationship could spawn a new marketplace for Turks and Caicos producers as well.
“I think that is something down the road. If we can do more business with the DR and be better off economically… then why not!”
For now, the Turks and Caicos is chiefly a consumer market and the TC-DR Trade Alliance, which began planning the trade show over a year ago, is in discussions with the Trade Commission and Invest Turks and Caicos agency about potentially defining the government’s role.
Campbell sees it as a win-win.
“It would expand our supply chain. I also think that because the DR produces a lot of their goods within their country, we will find competitive prices when compared to other markets, like the USA, which is our principal market right now.”
The Turks and Caicos Dominican Republic Trade Alliance is also working closely with Pro Dominicana, that country’s investment arm and the Chambers of Commerce in the DomRep.