The conditions for Spanish investment are in place in the DR, assures Ito Bisonó

The conditions for Spanish investment are in place in the DR, assures Ito Bisonó

The Minister of Industry, Commerce and MSMEs (MICM), Víctor -Ito- Bisonó, assured this Tuesday that the Dominican Republic registers a high level of trust and foreign investment, due to the efforts of the president Louis Abinader to maintain the political, economic and social stability of the country.

Bisonó offered those statements in Spainwhere he heads a high-level delegation from the Dominican Government.

According to a press release, the official presented the business opportunities for Spanish companies interested in investing in the Dominican market, in addition, he took stock of the rapid economic recovery and the success of the free zones that have boosted exports from this Caribbean country.

During a conference at the Spanish Confederation of Business Organizations (CEOE), organized by the Secretary of State for Trade in Spainthrough ICEX Spain Exports and Investments and the Chamber of Commerce of Spainstated that the nation remains one of the countries with the highest economic growth in the region, registering a GDP growth of more than 12%, at the end of 2021.

He also explained that the country has a robust legal framework and significant tax incentives to promote investment.

“As you can see, we are working hard to consolidate these advantages and transform ourselves into a genuine logistics platform through the development and use of the country’s logistics potential throughout our geography,” Bisonó told the businessmen.

He argued that the maturity in the field of manufacturing and logistics show that the relocation of manufacturing in DR is a reality.

“The experiences of renowned multinationals in our country prove it,” he said during the meeting, which he described as an excellent opportunity for Spanish companies to learn first-hand the priorities of the Dominican government for this year.

In the event, the Secretary of State for Commerce of SpainXIana Méndez, stressed the importance of legal certainty and the business climate when it comes to attracting investments that the country offers.

“I believe that the Government has given very clear signs in this regard”, he communicated during the inaugural session in which the president of CEOE, Antonio Garamendi and the general director of the Chamber of Commerce of SpainImmaculate laugh.

Integration

The Dominican government delegation is also made up of Vilma Arbaje de Contreras, Deputy Minister of Foreign Trade of the Ministry of Industry, Trade and MSMEs; Hugo Rivera, Deputy Minister of Economic Affairs of the Ministry of Foreign Affairs; Víctor Rodríguez of the Ministry of Agriculture and Daniel Liranzo, director of the National Council of Free Zones. Attending from the business sector were Celso Juan Marranzini, president of the Association of Industries (AIRD); César Dargam, Executive Vice President of the National Council of Private Enterprise (Conep); Elizabeth Mena, president of the Dominican Export Association (Adoexpo); Lucile Houellemont, Vice President of the Chamber of Commerce; José Manuel Torres, vice president of Adozona and William Ramírez of the Copardom board, who led the panel on the future of relations Spain-Dominican Republic from the perspective of business organizations.

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