In a bid to bolster trade relations and attract investments in the semiconductor sector, Ministry of Industry & Commerce (MICM) and Dominican private sector representatives met with senior officials from the US Department of State and the United States Agency for International Development (USAID) on 25 June 2024 in Washington, D.C.
The delegation was led by Johannes Kelner, Deputy Minister of Free Zones and Special Regimes of the MICM, and Samuel Conde and Ike Tavares, representing the Dominican private sector.
In Washington, D. C., they met with José W. Fernández, Under Secretary of State, Lisa Kubiske, Deputy Assistant Secretary of State for Finance and International Development, Brian Quigley, Director of Private Sector Engagement at the State Department, and representatives of USAID.
During the meeting, discussions centered on the plans and actions that the Dominican Republic will implement in the coming months to attract investment in the semiconductor sector.
The Dominican delegation presented a series of projects and strategies aimed at positioning the country as an attractive destination for companies in this sector. Additionally, the meeting also identified the challenges facing the country in achieving this goal, such as the need to improve human capital preparation and develop a solid strategy for promoting the Dominican Republic as a manufacturing destination for the semiconductor industry.
Furthermore, collaboration projects between USAID and the Dominican Republic in the area of nearshoring were addressed, with the objective of strengthening the country’s capacity to take advantage of the opportunities offered by this trend in international trade.
Industry and Commerce Minister Victor Bisonó has stated that the meeting is an important step in strengthening trade relations between the Dominican Republic and the United States and lays the foundation for future collaborations in investment and economic development.
The Ministry has said it is committed to working closely to boost economic growth and job creation in the Dominican Republic, taking advantage of the opportunities offered by strategic sectors such as semiconductors and nearshoring.
Deputy Minister Johannes Kelner recently returned from participating in networking and workshops in South Korea to foster Korean investment in semiconductor manufacturing in the Dominican Republic.
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MICM
DR1 News
27 June 2024