Minister of Industry & Commerce Victor (Ito) Bisono was in Washington, D.C. for meetings with US Department of State and United States Agency for International Development (USAID) officials to continue to foster US investments in nearshoring and the semiconductor industry.
Bisonó led a mission with Johannes Kelner, Deputy Minister for Free Trade Zones and Special Regimes and experienced businessmen Samuel Conde and Manuel Enrique (Ike) Tavares.
At the US Department of State they met with José W. Fernández, Assistant Secretary of State for Economic Energy & Business Affairs, Deputy Assistant Secretary of State for International Finance and Development, director of Private Sector Engagement-Economic Bureau and representatives of the United States Agency for International Development (USAID).
A press release from the Ministry of Industry & Commerce says that the trip is part of efforts to strengthen trade relations and attract investments in nearshoring and the semiconductor sector.
During this meeting, US officials remarked that the DR is on the right path as it prepares to attract the semiconductor industry. The officials committed to back the Dominican Republic in its efforts to attract more US nearshoring business. Minister Bisonó said the meeting laid the foundation for future collaborations in investment and economic development.
The Dominican Republic has already embarked on efforts to specialize workers in the semiconductor sector manufacturing.
In addition, collaboration projects between USAID and the Dominican Republic on nearshoring were addressed, to strengthen the country’s capacity to take advantage of the opportunities offered by this trend in international trade.
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Ministry of Industry & Commerce
2 May 2024