Canadian businessmen interested in investing in the Dominican Republic

Foreign Minister Roberto Álvarez received the visit of a mission of Canadian businessmen interested in investing in the Dominican Republic in the areas of trade, development, investment, industry, tourism, cooperation for environmental sanitation projects and others.

Minister Alvarez explained that with this meeting, the work agenda of these businessmen in the country began.

“You are in a nation with an excellent investment climate, reinforced by the Dominican Government’s efforts to fight corruption and impunity. In addition, we have a free trade zone regime that generates facilities for investment and we have macroeconomic stability,” added the foreign minister.

The arrival of this high-level business mission to the country was coordinated by the Embassy of the Dominican Republic in Canada, and its Ambassador Michelle Cohen, who also had the support of the Vice-Ministry for Economic Affairs and International Cooperation. This mission represents the first of its kind to arrive since that nation opened its borders in the aftermath of the pandemic.

“The mixed multisectoral business mission aims to reactivate bilateral relations between Canada and the Dominican Republic, an ideal space for the discussion of new joint strategies between Dominican and Canadian multisectoral entities for the reactivation and revitalization of tourism, the increase of trade flows and attract more investment,” said Ambassador Cohen.

This visit is part of the efforts made by the Ministry of Foreign Affairs to promote the second axis of foreign policy: promoting exports and foreign direct investment to generate jobs.

The Vice Minister for Economic Affairs and International Cooperation, Ambassador Hugo Francisco Rivera Fernández, made a presentation on the opportunities we offer as a country to investors, and also indicated that we are the logistics HUB of the region, being the 6th country with greater connectivity in Latin America.

Also present at the meeting were the Vice Minister of Bilateral Foreign Policy, José Julio Gómez; the Director of Trade and Investment Promotion, Mariana Ambrad; and the advisor for commercial affairs of the Ministry, Ariel Gautreaux.

Ambassador Sylvia Cesaratto, Canada’s director general for Central America and the Caribbean, and Christine Laberge, Canadian ambassador to the Dominican Republic, together with Cohen, make up the official bilateral team that will accompany the mission in Dominican territory on its work and meeting agenda, which ends on October 22.

These businessmen also plan to hold interactions with the Presidency of the Dominican Republic, the Senate, the Ministries of Defense, Industry and Commerce, Tourism, Environment, Energy and Mines and the Banco de Reservas.

Likewise, the Dominican Republic Export and Investment Center (Pro Dominicana), the General Directorate of Public-Private Alliances, the National Institute of Drinking Water and Sewerage (INAPA) and the Santo Domingo Aqueduct and Sewerage Corporation (CAASD).

As part of the mission’s activities, the representative of the Canadian Commercial Corporation and delegates from Global Affairs Canada will visit the Guajimía Gorge. The latter will also hold a meeting with the Minister of Interior and Police, Jesús Vásquez Martínez.

He will also make contacts with the National Council of Private Enterprise (CONEP), the National Council of Free Zones (in a visit to the free zone Industrial Park of the Americas) and the Dominican-Canadian Chamber.

The agenda will close on Friday, October 22 with the seminar “How to export to Canada: business opportunities in the Canadian market, a market full of opportunities”, in digital version.

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