The Minister of Industry, Commerce and Mipymes, Víctor -Ito- Bisonó affirmed that the Dominican Republic is positioning itself as one of the countries in the region with the greatest development of digital commerce in the region.
In this sense, Bisonó highlighted that in the e-commerce index, the country obtained a score of 59, placing it in the 67th position at world level and number 3 at regional level.
Participating in the Business Breakfast of the Dominican Association of Fintech Companies, where he presented the “National Export Strategy for Modern Services: The Impact for Fintech and ICT”, Bisonó explained that the benefits provided by modern services have shown in recent decades that countries can be more competitive if they focus a large part of their economic development in this productive niche.
“Our country has not been an exception to this scenario. Around 14% of service exports correspond to non-traditional services, of which we highlight the financial, insurance and information technology industries. This figure is evidence of a dynamic and booming sector, but above all resilient and promising”, said Bisonó.
Bisonó explained that the National Modern Services Export Strategy is the country’s first public policy focused exclusively on promoting non-traditional services, including those facilitated by information and communication technologies (ICT), which foster creativity and the evolution of our potential as a regional leader.
The official said that this instrument seeks to diversify Dominican exports by connecting the efforts of numerous public and private entities, with a view to ensuring the establishment of a competitive productive apparatus and model of good practices in the region, through 5 pillars and 76 short, medium and long term actions, to be executed over a period of 4 years.
“We have set out to improve the competencies and skills of the sector’s human resources through capacity building,” he said.
Samuel Ramirez, president of ADOFINTECH, said that modern services are one of the main sources of economic growth.
“Since 2000 the value of service trade has tripled due to digitalization, globalization, and greater awareness of the importance of services. According to the World Trade Organization (WTO) modern services account for approximately 23% of world trade, concentrated mainly in the industries of information technology, financial services, research and development, business consulting, and tourism,” explained Ramirez.
The activity was also attended by the Vice Minister of Foreign Trade Vilma Arbaje of this ministry, ADOFINTECH executives, and representatives of the modern services sector of the Dominican Republic among other personalities.