DR and Mexico strengthen economic and trade relations

The Minister of Foreign Affairs of the Dominican Republic, Roberto Álvarez, met with the Secretary of Foreign Affairs of Mexico, Marcelo Ebrard, to discuss and review priority issues on the bilateral agenda, including political relations, economic promotion, tourism and air connectivity, among other matters of interest.

It was also announced that the Dominican airline ARAJET will begin operations with three weekly flights from Santo Domingo to the Felipe Angeles International Airport (AIFA), starting on September 22.

During the dialogue, the importance of Mexico and the Dominican Republic continuing to cooperate in regional development was emphasized, especially in the case of Haiti, a country that is going through a difficult security situation and a tense political and social climate. They also discussed the importance of continuing to collaborate in joint spaces that contribute to the multilateral architecture, examples of which are the Latin American and Caribbean Space Agency (ALCE) and the Ibero-American General Secretariat (SEGIB). In the latter organization, Mexico expressed its appreciation to the Dominican Republic for its leadership within SEGIB in its work as pro tempore secretariat.

On the other hand, Minister Alvarez and Mexico’s Secretary of Economy, Tatiana Clouthier, signed a Memorandum of Cooperation to establish a working group to develop joint activities to ensure the growth of trade and increased investment between Mexico and the Dominican Republic.

The Alliance for Development in Democracy (ADD) bloc, made up of the Dominican Republic, Costa Rica, Panama and Ecuador, represents Mexico’s third largest trading partner in Latin America, after Brazil and Colombia. Bilaterally, the Dominican Republic is Mexico’s main trading partner in the Caribbean. Mutual trade reached US$916 million in 2021. Mexico is the second largest investor in the Dominican Republic, only behind the United States, with an accumulated investment exceeding US$10 billion, which has created some 30 thousand direct jobs.

This is the first official visit of Foreign Minister Roberto Álvarez to Mexico, which includes a visit to the State of Nuevo León to inaugurate an Honorary Consulate in San Pedro Garza García, among other activities.

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