UK investments in Dom. Rep. top US$800.0M and counting

SANTO DOMINGO. – Dominican Republic Export and Investment Center (CEI-RD) director Jean Alain Rodriguez yesterday revealed that UK investment in the country tops US$800.0 million, with a goal to increase the figure by promoting local products in those markets.

In his keynote speech in the British Chamber of Commerce luncheon, the official said the investments have been made in key sectors such as energy, health products, medicines, and film industry infrastructure, among others.

He said the country has a trade surplus with the UK, with exports of around $117.0 million last year, mostly bananas and organic bananas. “The country has more than 3,000 brands of exportable products, and a significant part are included in the free zones.”

Rodriguez said the Dominican Republic currently has six free trade agreements with both the U.S. and the European Union, as well as with Mexico, Chile, Jordan and Israel.

Prior to the event, British Chamber of Commerce president Campos de Moya stressed the country’s trade links with the UK and hailed the companies’ decisions to invest here.

For his part, British ambassador Steven Fisher said for several years his nation has stated its interest in expanding trade relations with Latin America, including the Dominican Republic.

source: http://www.dominicantoday.com

Category : News

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