RD trade with Commonwealth countries increases to US $ 2,108 million

The president of the Round Table of the Countries of the Commonwealth of the Dominican Republic, Fernando González Nicolás, pointed out that in 2021 the local commercial exchange with the 54 countries that make up the commonwealth increased to US $ 2,108 million.

González Nicolás added that the exchange increased by 11 percent compared to the US $ 1,904 million achieved in 2020, and highlighted that bilateral trade relations with these nations were balanced and healthy for both parties because the volumes of exports were very similar to imports.

He gave as an example that, in 2021, we Dominicans exported the sum of US $ 1,044 million to the Commonwealth countries, while we imported a total of US $ 1,063 million from these.

The main destinations for exports of Dominican products to those nations were, in the first place, India with a total this year of 665 million dollars; followed by Great Britain, with 80 million dollars; Jamaica, with 77 million dollars; Canada, with $ 49 million; and in fifth place, Trinidad and Tobago, with 34 million dollars.

González Nicolás projects that, for the next year of 2022, exports to the Commonwealth countries will continue to increase, as well as investments from those countries to the Dominican Republic.

He specified that currently investments from the Commonwealth countries are among the most important in the country, especially in the mining, banking, free zones, beverages, among other lines.

The president of the Mesa de la Mancomunidad sees the investment and business climate offered by the Dominican Republic as very attractive and with a tendency to continue improving.

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He recognized the efforts made by the new government of President Luis Abinader to support and encourage the business and investment climate, which is based on reducing bureaucracy, promoting transparency and respect for legal security that, for these reasons, the international classifications and indices that the country is receiving are very good.

On the other hand, the president of the Mesa de la Mancomunidad highlighted the importance of the mining sector in the Dominican economy, and pointed out that they are the main investors in this area.

He affirmed that “at the Commonwealth Table we understand that the measures being taken in the Ministry of Energy and Mines will tend to normalize and promote responsible mining, and that at the beginning of next year significant and concrete progress will begin to be appreciated in the mining sector.

“It is appropriate to understand that the false media campaign for years against mining has been the main destabilizing factor that has not allowed the normal development of this activity,” said González Nicolás.

Finally, he urged investors from the Commonwealth countries to trust the new authorities and work together with them to make the business and investment climate in the Dominican Republic more attractive for the benefit of all ”.

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