World June 19, 2024 | 3:15 pm

ProDominicana strengthens trade ties at MIDA Conference and Food Show 2024

San Juan, Puerto Rico.- A prominent delegation from the Export and Investment Center of the Dominican Republic (ProDominicana), led by Executive Director Biviana Riveiro, participated in the “MIDA Conference and Food Show 2024” held at the Puerto Rico Convention Center.

During the event, Dominican producers showcased a diverse range of exportable goods, capturing the interest of the local food industry. This gathering facilitated business exchanges between the two markets and provided a platform for high-level social networking events, workshops, and seminars.

Riveiro emphasized the importance of such events in strengthening commercial ties between the Dominican Republic and Puerto Rico. “We are very pleased with the reception our products have received in the Puerto Rican market. From the freshness of our tropical fruits to the quality of our services, the response has been very positive,” she remarked.

Trade between the Dominican Republic and Puerto Rico has been substantial in recent years. From 2019 to 2023, trade reached US$3,887.7 million, with Dominican exports representing 75.3% of the total. In 2023, exports of Dominican products amounted to US$659.2 million, reflecting a 32% year-on-year growth compared to the pre-pandemic year 2019.

In the January-May 2024 period, trade reached US$333.6 million, with Dominican exports exceeding US$273.4 million, involving around 473 exporting companies.

The main products exported from the Dominican Republic to Puerto Rico include medical instruments, electrical circuit breakers, aluminum profiles, iron bars, coffee, avocado, and plastic items, among others.

The fair featured prominent Dominican companies such as AMR AGRO, Agrotechnology, Pasteurizadora Rica, Plantaciones Asturias SRL, and AgrioFresh, who exhibited a wide range of products including avocados, juices, spices, and liquors.

Riveiro also noted that Puerto Rican companies have made direct investments in the Dominican Republic in sectors such as transportation, commerce, services, and free zones, highlighting the strong economic link between the two jurisdictions.

ProDominicana’s participation in the MIDA Conference and Food Show 2024 reaffirms the Dominican Republic’s commitment to strengthening its exports and trade relations with Puerto Rico, promoting mutual and sustainable economic development.

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