President Luis Abinader declared on Wednesday, 26 March 2025 that the Dominican Republic has become the “ideal” partner for the United States. Speaking at the Latin American Cities Conference hosted by the Americas Society/Council of the Americas (AS-COA), Abinader highlighted two key factors that support this claim: the country’s “enviable” geostrategic location and its “outstanding” connectivity, making it an attractive destination for companies looking to relocate through nearshoring.
“The Dominican Republic’s location in the heart of the Caribbean, just two hours by air and two days by sea from the United States, opens a wealth of advantages for US businesses that need to meet tight consumer deadlines and seek cost-effective delivery options,” Abinader emphasized.
The President also underscored the country’s robust logistics infrastructure, noting that it provides access to over 900 million consumers. This strategic position, coupled with the country’s infrastructure, positions the Dominican Republic as a trusted and reliable ally for the United States, further solidifying its role in regional and global supply chains.
President Luis Abinader emphasized on Wednesday, during his participation in the Council of the Americas event, that with international companies needing to rethink their strategies, the Dominican Republic is the key partner to strengthen supply chains through nearshoring.
“Today, I invite you to see our reality with new eyes. If the economy is growing, investment is expanding, and there are more jobs and opportunities, why do many Dominicans still believe the opposite? It’s time to shake off pessimism and recognize what we truly are: a strong, resilient nation with a future full of possibilities. We know that when the world hesitates, it is our determination that builds solid foundations,” he stated.
He continued: “We are not tied to the past nor limited by fear. Because when the world doubts, we decide. And when others stop, the Dominican Republic moves forward.”
President Luis Abinader explained what has made the difference and what is behind “the Dominican miracle.” He attributed this to a combination of a thriving local private sector and a steady influx of foreign investments.
Speaking before local business leaders and foreign dignitaries, Abinader also emphasized that the country’s success lies in its ability to turn adversity into opportunity, driven by a collective effort involving entrepreneurs and entire communities that resist challenges and thrive.
“This achievement is the result of the collective work of a people who believe in themselves, entrepreneurs who take risks, partners who trust, and communities that reinvent themselves,” the President stated.
President Abinader stressed that the Dominican economy has grown thanks to the strategic alliances with the Americas, Europe and Asia.
Abinader highlighted that the country’s Gross Domestic Product (GDP) growth rate reached 5% in 2024, well above the Latin American average of 2.5%. This growth solidifies the Dominican Republic as one of the fastest-growing economies in the region, laying the groundwork for the ambitious goal of doubling the economy’s size in the next decade and reaching a per capita income of $15,000.
Beyond growth, the President expressed his commitment to fostering an inclusive economy and expanding the middle class, aiming to increase its share of the population from 40% to 50% in the coming years.
“Our economic stability, social peace, and reform agenda have made the Dominican Republic the leading recipient of foreign investment in Central America and the Caribbean. In 2024, we reached a record foreign direct investment of US$4.51 billion, marking the third consecutive year of foreign investment surpassing US$4 billion,” Abinader highlighted.
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27 March 2025