ASIEX: catalyzing foreign direct investment

Santo  Domingo.- The Dominican Association of Foreign Investment Companies (ASIEX) convened the inaugural session of the diplomatic roundtable, an innovative platform designed to foster and facilitate foreign direct investment in the Dominican Republic. This initiative aims to enhance collaboration between ASIEX and diplomatic representatives from key investing countries, streamlining processes and promoting investment opportunities.

Alejandro Peña Prieto, President of ASIEX, elucidated that the diplomatic roundtable serves as a forum for regular dialogue, bringing together Ambassadors and commercial attachés from countries with substantial investments in the Dominican Republic. These gatherings, scheduled quarterly, seek to address pertinent issues related to investment and reinvestment, while proactively tackling challenges within the business and investment landscape.

Participating nations include representatives from prominent investing countries such as the United States, Canada, Spain, Mexico, France, Portugal, Brazil, Colombia, Germany, Italy, and the United Kingdom, alongside delegates from the Ministry of Foreign Affairs and Pro-Dominicana.

At the meeting, ASIEX unveiled the findings of a collaborative study conducted with Ecoanalítico, titled “Impact of Foreign Direct Investment in the Dominican Economy: Doubling Investment for Accelerated Development.” Economist Alejandro Grisanti presented the study, emphasizing the strategic importance of doubling the country’s foreign direct investment to spur economic growth.

Peña Prieto underscored the study’s significance, stating that it offers valuable insights into the multiplier effects of foreign investment on the Dominican economy. Meanwhile, Patricia Bobea, Executive Director of ASIEX, highlighted the diplomatic roundtable’s dual role as a conduit between governments and the private sector, fostering collaboration to address common challenges and fortify the Dominican Republic’s business climate.

In light of the current global landscape, characterized by market uncertainties, Bobea stressed the importance of identifying joint opportunities and fostering cooperation to mitigate risks and enhance competitiveness.

Notably, ASIEX’s 70 member companies collectively contribute over US$30,000 million in investment and reinvestment capital, exerting a significant influence on various sectors of the Dominican economy and driving economic growth.