Dominican Republic, Haiti join forces to attract foreign investors

Santo Domingo.- The Dominican Republic and Haiti have joined forces in a partnership to attract more foreign investment to the two nations, a decision that came during a workshop organized by the Caribbean Export Development Agency in Santo Domingo, Nearshoreamericas.com reported today.

The report says this is good news for Haiti, which is still struggling to recover from the 2010 devastating earthquake, because the Dominican Republic was the Caribbean’s biggest recipient of foreign direct investment in 2014.

Haiti is suffering from a severe trade deficit, even though the country accounts for the production of more than half of the world’s vetiver oil, an essential oil used in high-end perfumes, the outlet reported.

"It is a concrete step in the right direction, to achieve both countries’ mutual objectives of enhancing their capacity and improving their cooperation in the field of trade and investment promotion," said Florence Van Houtte, representative of the Delegation of the EU in the Dominican Republic, quoted by Nearshoreamericas.com.