Santo Domingo.- The Ministry of Foreign Affairs (Mirex) has announced the entry into force of the “Agreement for the Promotion and Protection of Investments between the Fund for International Development and the Dominican Republic,” signed in May 2022.
This agreement aims to stimulate capital flow from member states of the Organization of Petroleum Exporting Countries (OPEC) to the Dominican Republic. It seeks to promote investments and identify collaboration opportunities between high-income countries and the Dominican Republic.
“This agreement represents a significant milestone in stimulating the flow of capital to the Dominican Republic from OPEC member states, promoting the creation of jobs and the development of capabilities in our country,” stated the Foreign Ministry.
The agreement ensures environmental conservation, respect for human rights, and adherence to international corporate social responsibility standards. Additionally, it establishes an effective dispute resolution framework, providing security and confidence to investors.
Mirex reaffirmed the government’s commitment to attracting responsible investments, highlighting the importance of this agreement in fostering economic growth and development.