The government of the Dominican Republic has announced plans to deepen its integration with countries in Central America.
The process is the result of two meetings of President Luis Abinader with his counterparts of the Central American region, specifically Costa Rica and Panama, to work together and take advantage of the post-Covid opportunities since investments of US$3 to US$4.5 trillion are expected to be changing the manufacturing base.
Currently, the Dominican Republic is the sixth-largest trading partner of the United States and, together with Panama and Costa Rica, will become the third, with 20 million inhabitants between the three and whose block will only be surpassed by Brazil and Mexico.
The third meeting between the three presidents of the Central American region and the DR will be in the Dominican Republic next December.
On Thursday, Panama’s Minister of Foreign Affairs, Erika Mouynes, said that Panama, the Dominican Republic, and Costa Rica had signed a tripartite integration agreement to promote democratic institutions and economic growth.
As part of the alliance for democratic institutionality, the presidents of Costa Rica, DR, and Panama met at the UN Assembly on September 27 this year in New York, where they agreed on a regional proposal to relaunch the commercial, demographic and cultural ties of their countries and the region.
A second meeting was held in Panama last October 20, where they declared their intention to deepen this alliance not only in the area of trade, to attract investment, but also in the political sphere, “concerned about the unprecedented and growing migratory flows in the three countries.
Source-CMC
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