Thursday, February 29, 2024
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HomeLatest NewsCaribbean Export - Dominican Republic signs headquarters agreement

Caribbean Export – Dominican Republic signs headquarters agreement

  • Caribbean Export signs a Headquarters Agreement with the Government of the Dominican Republic.
  • The signing marks a milestone in a new era of collaboration and progress for the Caribbean.
  • Caribbean Export is committed to fostering greater regional trade and attracting foreign direct investment to the Caribbean.

BARBADOS / DOMINICAN REPUBLIC – The Caribbean Export Development Agency (Caribbean Export) took a significant step forward in strengthening trade and cooperation with the Dominican Republic as minister of foreign affairs, Roberto Álvarez, and Caribbean Export’s executive director, Deodat Maharaj, gathered for the momentous signing of a headquarters agreement formalizing the operations of the Subregional Office of the agency in the Dominican Republic (DR).

After signing the agreement, minister Álvarez highlighted that Dominican companies will now enjoy the distinct advantage of having the agency’s Subregional Office formally established within the country. Caribbean Export’s primary objective is to boost trade and investment between the Caribbean Forum (CARIFORUM) group of countries, the European Union, other parts of the world.

“For over 20 years, Caribbean Export Development Agency has implemented innovative initiatives designed to facilitate the expansion of Caribbean companies at the national, regional, and international levels, taking advantage of special access to the European market. With the establishment of this office, a great opportunity opens up for the Dominican Republic to support export-capable companies, enhance their capacity and competitiveness, boost export earnings, and create more jobs, as outlined in the second pillar of our foreign policy,” stated minister Roberto Álvarez.

Caribbean Export’s executive director, Deodat Maharaj, highlighted the significance of this agreement, as it marks the formal establishment of the agency’s subregional office in the Dominican Republic.

Moreover, it demonstrates the Dominican Republic’s commitment to working jointly with the agency to promote regional trade and attract foreign direct investment to the Caribbean.

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