News and Activities

Dominican and Belgian businessmen meet to explore investment opportunities in the Dominican Republic

ANTWERP, Belgium – Belgium has become the second destination for Dominican exports to the European Union and the seventh supplier of goods to the Dominican Republic, making it one of the Caribbean country’s largest trading partners in Europe. Among the most popular Dominican products are cocoa, used in the famous Belgian chocolate industry, and fruit.

The data was offered by Ambassador Aníbal de Castro during a cocktail organised by the Embassy of the Dominican Republic to the Kingdom of Belgium, on the occasion of the EU Roadshow 2018 of the European Chamber of Commerce of the Dominican Republic.

“Our embassy is very pleased to be part of such an important initiative that contributes to strengthening trade relations between our country and the European Union. We have witnessed the agreements and contacts that these activities have facilitated in previous editions and confirmed that the European Chamber of Commerce is a strategic partner in our efforts to open new markets in Europe. We also acknowledge the endeavours of the CEI-RD, the European Union delegation and DIGECOOM, who together with our Ministry of Foreign Affairs have sponsored this tour”, said de Castro.

The cocktail followed a business meeting organised by the European Chamber of Commerce of the Dominican Republic and the Chamber of Commerce of Antwerp-Waasland (Voka), with the support of the Dominican Embassy.

EU-Roadshow 2018 brought together representatives from the Dominican public, private and business sectors and Belgian buyers and investors interested in doing business with the Dominican Republic. During the presentation ceremony, business representatives from both countries discussed the favourable conditions and investment opportunities offered by the Dominican Republic in the different commercial sectors. The Dominican delegation was composed of representatives from the agro-industry, manufacturing, services, logistics, tourism, energy and culture.

“The visit of the Dominican trade delegation to Belgium shows the commitment to strengthening trade exchanges and developing the economic relationship between two friendly nations,” said Leonel Mateo Hernandez, Counsellor in charge of economic and commercial affairs at the Dominican Embassy in Belgium.

During the period 2015-2017, the exchange of goods between countries reached a record 725 million euros. The Dominican Republic is the seventh largest exporter of bananas to Belgium and a major player in exports of pharmaceuticals and medical instruments.

“Based on the results of previous missions, we can confirm the enormous potential for Dominican products and services in the European market. Last year, the delegation met with more than 200 buyers interested in doing business with the Dominican Republic,” said Hans Witsenboer, president of the European Chamber of Commerce of the Dominican Republic.

Natalia Vasquez, investment manager of the Centro de Exportación e Inversión de la República Dominicana (CEIRD), spoke about the legal framework and regulations that govern foreign investment in the country, priority areas of trade and the benefits that can be obtained by investors.

About EU Roadshow 2018
The EU Roadshow 2018 is sponsored by the European Chamber of Commerce of the Dominican Republic, the European Union Delegation in the Dominican Republic, the Centre for Export and Investment (CEI-RD), the Directorate General for Multilateral Cooperation (DIGECOOM) and the Ministry of Foreign Affairs (MIREX). This third edition of the EU Roadshow visited five European cities: Antwerp, Amsterdam, Stockholm, Hamburg, Madrid.