On 25 July 2022, the United States, Costa Rica, the Dominican Republic, and Panama signed a memorandum of understanding to advance the United States-Alliance for Development in Democracy (ADD) Consultative Dialogue on Supply Chains and Economic Growth. Under the memorandum, participant countries will work together to strengthen supply chain resiliency, with a view to sharing best practices and results with the entire region.
For the occasion, government and private sector country leaders also met in Washington, D.C. with the US Chamber of Commerce to finalize the development of the US Chamber Survey on Supply Chain Resiliency, which will identify key opportunities, challenges, and areas for collaboration.
The US State Department reported that the meetings in Washington, D.C. build on momentum from the Summit of the Americas that took place in June in Los Angeles, California, USA. During the Summit, President Luis Abinader met US President Joe Biden for the first time in person.
The US State Department announced the memorandum of understanding is a step ahead to deepen economic cooperation and help generate economic growth in the region. “Along with our partners, the United States is focused on practical steps to create a better environment for democracy and private sector investments,” stated the US State Department in an official release. Costa Rica, the Dominican Republic, and Panama are the founding members of the Alliance for Development in Democracy.
The US State Department said ADD offers a model of collaborative innovation between like-minded, democratic countries to improve the lives of their citizens and the citizens of the entire region by strengthening democratic institutions and promoting economic prosperity. “We congratulate the newest member of the Alliance, Ecuador, which has joined this group to combine forces in building a more stable, secure, and prosperous Western Hemisphere,” ends the release.
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US State Department
27 July 2022