They seek to expand Belgian investment in the DR

WalloniaEuropean region of the Kingdom of Belgiumwake up your interest in expanding the business relationships with the Dominican Republic, especially its investments, after 20 years since the last trade mission visited the country.

A commission made up of representatives of the government of Belgium and eight private companies explored market niches in Quisqueya, concluding that there are new investment opportunities in health, environment and technology sectors. Yesterday, they closed an agreement for the installation of a pharmaceutical company.

It is an economy of barely 3.6 million inhabitants, which has 0% in informality in its business dynamics, which makes it a region of stability and growth, assured the ambassador of Belgium in Havana, competing for the Dominican Republic and Haiti, Jean-Jacques Bastien.

The ambassador explained that the Belgian private business sector is made up of one million micro, small and medium enterprises (MSMEs) that support the economy under the framework of transparency, for which they seek to expand their businesses.

Part of the objective of the trade mission in the country includes following up on a meeting held by the Minister of Industry, Commerce and MSMEs, Víctor –Ito– Bisonó, with Belgian officials in his country, to whom he proposed to share successful actions of the business model. business of Belgium for the regulation of local MSMEs.

Jacques advanced that a strategy for regulation is to achieve public-private partnershipsincentives or subsidies that motivate MSMEs to formalize.

commercial exchange

The balance of trade between the Dominican Republic and Belgium reached an average of 80 million dollars in 2021, between the shipment of agricultural products from Dominican territory and the import of pharmaceutical and chemical items from the European country, reported Karelle Lambert, director for the Americas of the Walloon Agency for Exports and Foreign Investments (Awex), concurrent from Brussels.

He dominican cocoa it is the main product of commercialization, used by Belgian companies for the production of their highly exported chocolate.

“After two decades, the challenges have changed and the needs of the markets evolvedThat is why this economic mission is the opportunity to introduce Walloon knowledge at an academic and commercial level to create potential synergies between the Dominican Republic and the Walloon region,” he said.

belgian tourism

About the impact on tourism of the Dominican-Belgian trade relations, the ambassador informed that about 40,000 people that explore different tourist experiences, thanks to the direct route connection by air transport.