Dominican Republic advanced as a regional nearshoring hub in 2024

Santo Domingo.- The National Trade Facilitation Committee (CNFC) made significant strides in 2024, positioning the Dominican Republic as a strategic nearshoring hub. With 90% of its specialized working groups reactivated, the CNFC executed initiatives to enhance logistics and international trade, including over 50 follow-up meetings and strategic projects such as establishing an inter-institutional canine training center and launching the Free Trade Zones and Special Regimes Roundtable.

A key achievement was the first-ever Logistics Summit in April, organized with private-sector collaboration. The event showcased the country as a competitive logistics and supply chain hub, strengthening its international market position. Additionally, the re-election of the American Chamber of Commerce of the Dominican Republic (AMCHAMDR) as CNFC general secretary for two more years underscored the importance of public-private partnerships.

The CNFC, tasked with implementing the World Trade Organization’s Trade Facilitation Agreement, unites public and private stakeholders, including key ministries and business groups like CONEP and AMCHAMDR. Its efforts, highlighted by customs innovations and collaborative initiatives, reinforce the Dominican Republic’s leadership in trade facilitation, investment, and economic growth.