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Wednesday, July 6, 2022

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Dominican Republic and Great Britain sign customs commercial agreement

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The General Directorate of Customs (DGA) and the British Chamber of Commerce of the Dominican Republic (BRITCHAM) signed a commercial agreement with the aim of strengthening and the relations of both institutions.

The agreement will make it possible to adapt and improve the application of the legal and operational regulations related to customs activities aimed at facilitating trade and investment for British companies in the Dominican Republic, according the DGA.

The agreement was signed by Eduardo Sanz Lovatón, Director General of Customs and by the Executive Vice President of the British Chamber of Commerce of the Dominican Republic, Francesca Ortiz.

The agreement includes cooperation, advice and mutual assistance, as well as the coordination and execution of programs, projects and activities that promote and encourage the exchange of products and services between both countries.

It also contemplates enhancing the benefits of the Economic Association Agreement (EPA) in promoting exports.

Economic potential

Sanz Lovatón considered Great Britain as one of the seven most important economies in the world and applauded the long history of collaboration with the Dominican Republic, for which he assured that “from the General Directorate of Customs we will always be ready to do whatever is possible, within our reach, to facilitate trade with the British companies”.

Francesca Ortiz, executive vice president of the British Chamber of Commerce of the Dominican Republic, recalled that their nation was one of the first to recognize the independence of the Dominican Republic.

“As the British Chamber of Commerce of the Dominican Republic, we reiterate our commitment to continue promoting commercial exchange between both countries, through public-private alliances in order to promote trade and encourage investment and exchange between both countries”, said Sánchez Ortiz.

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