Santo Domingo.- 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, signed by Foreign Minister Roberto Álvarez and Adoexpo President Karel Castillo, 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 also 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 $12,000 million in 2023.
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. Reports show that, from January to November 2024, Dominican exports reached $11,900 million, with the U.S. being the largest trading partner. Key export products include gold, medical instruments, and cigars, demonstrating the competitiveness and quality of Dominican exports, which are integral to the nation's economic growth.