A delegation from the Export and Investment Center of the Dominican Republic (ProDominicana) headed by its executive director, Biviana Riveiro Disla; and the Investment Manager, Zanony Severino, together with his Excellency, Ambassador Elvis Alam, participated in a trade mission to Turkey with the aim of presenting and promoting the country’s export and investment opportunities.
During the mission in the cities of Istanbul, Bursa and Ankara, the executives and members of the embassy participated in several plenary sessions and meetings with personalities from the government, commercial and business spheres of that nation to present the attributes and commercial prospects in the Dominican Republic, such as the main recipient of investment and hub in the region.
The meetings include: the Istanbul Association of Minerals and Metals Companies (IMMIB), the Foreign Economic Relations Board of the business leadership of Türkiye DEIK, the Istanbul Chamber of Industry, the tourism company Taltisa, the Chamber of Industries of Ankara, the Investment Promotion Office of the Presidency of the Republic of Turkey, Balkan Textile Group, the Ministry of Industry and Technology, the Ministry of Commerce, Honest Holding and the Ministry of the Interior, also put into circulation the DR Investment Guide in Turkish language.
Exports to Turkey from the Dominican Republic, according to the Statistics office of that country, in 2021 amounted to US$23,302,608, which represents an increase of 39% compared to 2019 before the pandemic. The commercial exchange of the Dominican Republic with Türkiye has been increasing considerably at the level of imports from that country, being our country the fifth largest trading partner in Latin America and the Caribbean.
Regarding the behavior of Turkish investment in Dominican territory, it is highlighted that it has grown and diversified with a presence in the sectors of tourism, real estate, free zones, energy, construction, medical services, among others.
The main products exported to Turkey from the Dominican Republic are: cocoa beans or broken, pharmaceutical products, bovine hides and skins, cigars, textile rags, and unveined tobacco, among others.