Dominican Republic Signs Agreement to Strengthen Export Promotion

• The Ministry of Foreign Affairs (Mirex) and the Dominican Association of Exporters (Adoexpo) have signed an agreement to promote and enhance the country’s exports by leveraging its advantages.
• The agreement outlines an action plan aimed at improving communication, enhancing diplomatic support for Dominican exports, exploring market opportunities, conducting research, and establishing open communication channels between both organizations.
• It also highlights the Dominican Republic’s capacity to strengthen international ties, particularly through integration and cooperation efforts in line with the National Development Strategy.
• The agreement establishes a joint working group, led by the Ministry of Foreign Affairs and coordinated by the Vice-Ministry for Economic Affairs and International Cooperation. Foreign Minister Álvarez emphasized the government’s commitment to fostering investment and trade, enhancing international relations, and supporting the growth of the national productive sector.
• He noted that the country’s political stability, legal security, and economic resilience have been crucial in consolidating the Dominican Republic’s presence in global markets, contributing to record export figures of over $12Bn in 2023. Furthermore, since the start of the year (January to November 2024), Dominican exports reached $11.9Bn, supported by key exports in gold, medical instruments, and cigars.

(Source: Dominican Today)