Dominican Republic to discuss trade and investment opportunities with Commonwealth Countries

Santo Domingo.- Fernando González Nicolás, president of the Commonwealth Countries Roundtable in the Dominican Republic, announced the launch of a workshop series focused on trade and investment opportunities across the 56 Commonwealth nations. The initiative begins on June 10 with a session dedicated to the United Kingdom and will later feature countries such as Canada, Jamaica, India, Guyana, and Australia.

González Nicolás emphasized that engaging with these markets is essential to diversifying the Dominican Republic’s economy, particularly in exports, investment, and tourism. He described diversification as a national priority.

The Commonwealth spans six continents, uniting 2.7 billion people under shared democratic systems, the English language, and a collective GDP of $15 trillion. King Charles III serves as its ceremonial head.

In 2023, major Dominican exports to Commonwealth countries included gold, rum, cigars, bananas, coffee, cocoa, textiles, and medical products. Top buyers were India (US$685 million), Canada, Jamaica, and the UK, among others. Investments from these nations have flowed into sectors like banking, energy, mining, and manufacturing in free zones.

Government officials, business leaders, and industry representatives will take part in the workshops, which aim to strengthen Dominican foreign trade through long-term partnerships and new market opportunities.