Importance Of The Copper World

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IMPORTANCE OF THE COPPER World

INTRODUCTION

For several years, the Popular Dominican and China Republic maintain commercial relations characterized by a very unequal exchange that operates in favor of the Asian nation, which exported to our country a diversity of products mainly from the industrial sector and to a lesser extent of theAgricultural. On the other hand, the country fundamentally exported metals such as slags and scrap as it is called locally and to a lesser extent, copper.

As of 2018, the country breaks diplomatic relations with the Republic of Taiwan and establishes it with communist China, specifically in April and according to about 18 protocols for signed agreements, these open a wide range of opportunities in cooperation and cooperationCommerce, which have aroused some enthusiasm in the Dominican export sector and in the government. He has also received promise of investment and financing in strategic sectors such as energy.

So far, copper exports made by the Dominican nation towards the Asian country are modest in terms of value, but they have been growing every year, which shows the potential they have in this new diplomatic scenario, so the research team, taking advantage of the knowledge acquired in the training in international busUseful document for the orientation of the export sector object of this work.

From the above -indicated, the group responsible for the study has established the following question as a starting point: What are the business opportunities that exist for Dominican copper exporters in the establishment of diplomatic relations with the People’s Republic?

The general objective of the investigation was to analyze the dynamism of copper exports and business opportunities based on the establishment of diplomatic and commercial relations between the Dominican Republic and the People’s Republic of China China.

To achieve this, a methodology was defined whose research techniques were based on the documentary review, in the analysis of published statistical data from robust sources such as Trade MAP, Central Bank of the Dominican Republic, General Directorate of Customs, among others. Likewise, the interview with officials of the Ministry of Foreign Affairs was used, in order to know its opinion about the benefits that the country and business groups would have with the new relations with this country of Asia, the second and for some, the firstworld economy.

The document collects the results of this investigative effort has been structured in several chapters. The first deals with the importance of copper in the economy and the aspects related to the world market and the demand for copper in China. The second presents a description of the Dominican mining sector. Then the third raises the evolution of Dominican copper exports to the world market. The fourth chapter includes everything that has to do with commercial relations between the Dominican Republic and China until the establishment of diplomatic relations with that nation of Asia. The fifth refers to Dominican copper exports in the Chinese market and the incidence of diplomatic relations in bilateral trade is briefly valued. Finally the conclusions and recommendations are presented.

Global copper importance and its applications

Copper is a metal that has had an extremely important impact over the years, specifically in various economic sectors such as construction, due to its properties that characterize it as a durable, economical and resistant material, and is also implemented in largemeasured in energy issues, such as telecommunications, modern manufactures, among other related areas, due to the great electrical and thermal conduction capacity that this metal possesses, which makes it a remarkable importance.

On the other hand, it is also used as raw material for the creation of various finished products, such as wires, tubes, sheets, bars, among other products that are used in various of the aforementioned areas. 

Due to globalization, to the modernization of processes, in recent years copper has been a material that is present in many of the daily scenarios that we live, from cell phones, even in the vehicles we use, and it should be noted thatFor the creation of a conventional vehicle, approximately 20 kg of copper is used in the form of wire, but for the preparation of an electric vehicle, which are having more and more presence in the world markets, around 60 kg is used, whichIt represents three times the copper used in conventional vehicles.

Therefore, copper is a material of great preponderance, which has a wide variety of uses that are vital for the economic promotion of nations.

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