People of the Dominican Republic capital and its patron saint, Saint Dominic. Hence the residents were called "Dominicanos" (Dominicans), which is the adjective form of "Domingo", and the revolutionaries named their newly independent country "La República Dominicana". It was often referred to as the "Republic of San Domingo" in English language 19th Century publications. The first recorded use of the word "Dominican" is found in a letter written by King Phillip IV of Spain in 1625 to the inhabitants of the Captaincy General of Santo Domingo. In this letter, which was written before the arrival of French settlers on the Western side of the island,
Economy of the Dominican Republic country exports free-trade-zone manufactured products (garments, medical devices, and so on), gold, nickel, protection equipment, bananas, liquor, cocoa beans, silver, and sauces and seasonings. It imports petroleum, industrial raw materials, capital goods, and foodstuffs. On 5 September 2005, the Congress of the Dominican Republic ratified a free trade agreement with the U.S. and five Central American countries, the Dominican Republic – Central America Free Trade Agreement (CAFTA-DR). CAFTA-DR entered into force for the Dominican Republic on 1 March 2007. The total stock of U.S. foreign direct investment (FDI) in Dominican Republic as of 2006 was U.S. $3.3 billion, much of