At the Spain-Dominican Republic Business Meeting, Xiona Méndez assured that they have common challenges that can be faced together
the secretary of State of Trade of Spain, Xiona Méndezsaid that they seek to attract more Spanish investors to the Dominican Republic due to the great opportunities that the country offers and to contribute to the solution of challenges faced for economic and social development.
He stressed that Spanish investment is historically important in the country, focused on the tourism sector, but increasingly diversified and now they can work together on priority issues such as the agricultural sector, water and sanitation and the increase in renewable energy.
He stressed that the war between Russia Y Ukraine it forces the incorporation of new needs such as energy and food security, the inflation of basic foodstuffs and logistical difficulties.
“The Dominican Republic and Spain have common challenges that they can face together,” he said at the opening of the “Spain-Dominican Republic Business Meeting. A vision of multilateral financing”.
Méndez explained that it is necessary to have a strong and resilient agricultural sector, as is the case of the DR, since it represents 6% of the national GDP and with great potential to increase its production and export capacity. He indicated that Spain can support the DR because it is a benchmark in agricultural technology that enjoys the best quality standards with innovative and competitive solutions.
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He added that another challenge brought about by the war is energy stability and said that the island enjoys the best conditions to be able to increase the share of renewable energy in its energy matrix and thus reduce its dependence on gas and oil, in addition to fighting against climate change. “And for this reason it is important to know the facilities offered by the private windows of international organizations,” he said.
Representatives from the Inter-American Development Bank (IDB); of the World Bank and the Central American Bank for Economic Integration (CABEI).
“The participation of international financial institutions in all these sectors is a key piece to provide the Dominican Republic with the conditions that allow it to become an even more competitive, resilient economy, standing out even more in the region and facing global challenges. “, said.
The also president of ICEX Spain, Exportation and Investments added that that country can support the Dominican Republic in the water supply and sanitation system, since they are pioneers in taking advantage of water resources and the companies are recognized for having innovated in this sector.
“In the Dominican Republic, where the demand for water exceeds 58% of its availability and is increasing, and where the agricultural sector consumes more than 80%, the conditions are right to explore new opportunities for synergy at this meeting and in the future,” he explained. .
