Colombia and the Dominican Republic Hold Meetings to Strengthen Trade and Investment Relations

Analyzing the current economic, commercial, and investment circumstances that characterize Colombia and the Dominican Republic today was one of the objectives of the 3rd Joint Council for the Promotion of Trade, Investment and Productive Linkage between the two countries that was held in that nation.

The Deputy Ministers of Foreign Trade of Colombia, Luis Felipe Quintero Suárez, and of Economic Affairs and International Cooperation of the Dominican Republic, Hugo Francisco Rivera, who led the meeting, also evaluated the progress of the work plan that the technical teams of the two countries have advanced.

This meeting is part of the comprehensive market diversification strategy that the government of change works on in coordination with the private sector, specifically with union representatives, who have expressed interest in taking advantage of markets in which opportunities have been identified.

Precisely, Vice Minister Quintero explained the strategy of diversification, health diplomacy, articulated work with the private sector to identify opportunities for Colombian products, and strengthening relations with strategic partners in Latin America and the Caribbean.

The two officials reiterated their commitment to joint work that leads, at this juncture of international trade, to the strengthening of relations between the two countries.

On the other hand, he took advantage of his visit to this nation to hold a meeting with the National Council of Private Enterprise (CONEP), an organization to which he expressed Colombia’s interest in holding bilateral business meetings to identify joint interests and opportunities.

In the first quarter of the year, Colombia exported $136.9 million USD to the Dominican Republic, of which 67.4%, or $92.3 million USD, corresponded to sales of non-mining goods, which grew 9% compared to a year ago.

The Deputy Minister of Foreign Trade, Luis Felipe Quintero, met with representatives of the private sector of the Dominican Republic. Photo credit: MINCIT.