Economy April 29, 2015 | 8:49 am

Buy car in DR

Dominican-Mexico Chamber eyes trade pact with 95% duty-free products

Santo Domingo.- Dominican-Mexican Chamber of Commerce president Carlos Gonzalez on Tuesday proposed a Mexico-Dominican Republic economic complementary agreement, with as high as 95% of the products duty free.

He said a second step would determine whether a free trade agreement should be signed, which he affirms would help boost investment in both countries.

He revealed that Mexican investment in the country is around US$7.0 billion, in key sectors such as telecoms, construction, foods and hotels.

Gonzalez, speaking in the Dominican Industries Association’s (AIRD) breakfast "Mexico: business opportunities," noted the country’s three attractions for foreign investors: geographical position, the 10 million population and Dominican talent.


ProMéxico director Francisco Gonzalez Diaz said trade between the two countries jumped from US$$468 million in 2004 to US$1.05 billion in 2014.

He said Mexican companies in the country account for more than 15,000 direct and as many as 60,000 indirect jobs.


Dominican Republic Export and Investment Center (CEI-RD) director Jean Alain Rodriguez said exports to Mexico last year reached US$40.8 million, including cocoa, medical devices and rum. In the

AIRD president Campos de Moya said the country needs to lower the barriers for industries that export to Mexico.

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