Economy February 4, 2015 | 9:40 am

Entities agree to spur trade, investment & exchange information

Santo Domingo.- With support by Dominican Republic’s Export and Investment of Center (CEI-RD), the Roundtable of Commonwealth Countries in the Dominican Republic and the Chambers of Commerce Federation (FEDOCAMARAS) to agreed collaborate to facilitate trade, investment and exchange information between the countries involved.

The pact creates a mechanism to strengthen bilateral ties between the Dominican Republic and the Commonwealth’s 53 countries.

Commonwealth Roundtable president Fernando González Nicolas, FEDOCAMARAS president Pedro Pérez González and CEI-RD director Jean Alain Rodriguez headed the ceremony, attended by executives of the bi-national chambers of commerce of Great Britain, Canada, India, Trinidad and South Africa, and 26 national chambers of commerce across the country, as well as diplomats from Commonwealth countries.

Rodriguez stressed the commitment’s importance, as “an excellent initiative that will create a mechanism for smoother connection between entrepreneurship grouped into the various chambers present in our country and 53 Commonwealth countries in the world.”

He said CEI-RD will be a strategic ally through its many services, especially exports and foreign investment to materialize businesses in the shortest possible time, "representing an important advantage offered by the Republic Dominican as a business destination."

For his part, González Nicolas lauded the CEI-RD’s support for the initiative, noting that it will interconnect businesses, big, medium and small, in all provinces with each Commonwealth country. "The flow of information is the first step to promote exports, foreign investment and trade in general."

The Commonwealth countries represent 25 percent of total world trade and national chambers grouped the private sector that is spread throughout the national territory.

The Roundtable is an initiative whose main objective is to promote political, trade and cultural ties between the Commonwealth’s 53 countries and the Dominican Republic.

Also present at the ceremony were FEDOCAMARAS Executive Director Carlos Espinal; David Jessop, Executive Director the London-based Caribbean Council, and Steven Fisher, British Ambassador, Ambassador of Great Britain and representative of Her Majesty Queen Elizabeth II of Britain and of the Commonwealth.

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