The Ministry of Foreign Relations and the Dominican Association of Foreign Investment Companies (Asiex) signed an inter-institutional cooperation agreement to promote and enhance investment in the Dominican Republic, and sustainable social, economic and cultural development.
The agreement, signed by Foreign Minister Roberto Álvarez and the president of Asiex, lawyer Alejandro Peña Prieto, contemplates the joint implementation of a cooperation program that includes the establishment of communication channels and the organization of forums and actions to attract investment to the Dominican Republic. It establishes the updating of information on international markets, the creation of dialogue tables and meetings between businessmen, and the participation in events to achieve commercial relations and other aspects.
Upon signing the agreement, Foreign Minister Álvarez emphasized that “the country’s image could not be in a better position in the region today, when we see what is happening around us, which is not pleasant, and I wish it were a different situation, but given the political contexts that exist in the Americas at present, we should feel very proud of where we have arrived together and this is largely due, exactly, to these public-private alliances and to the conviction that has occurred, over time, in the minds of our politicians, private, academic and religious sectors, that stability must prevail above all else.”
On his side, the president of Asiex pointed out that “the foreign investment companies that are part of Asiex have bet and are betting on the country, placing in this country substantial resources and making important contributions, so they are natural ambassadors to tell the world about the advantages of the Dominican Republic as an investment destination, and its beauty and the kindness of its people.”
The parties agreed to coordinate actions to strengthen compliance with Foreign Investment Law 16-95.
The agreement establishes that both institutions will design a Biennial Action Plan, no later than January every two years.
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Presidency
5 June 2023