Dominican Republic can be the gateway for Chinese products to U.S. and European markets, due to the Caribbean country’s free trade agreements with both regions, said Economy minister Temistocles Montas, who’s visiting the Chinese capital today.
Montas arrived in China on Sunday to boost investment in his country and spoke on the “Prospects for cooperation in the Caribbean Region” at the China Institute of Contemporary International Relations (CICIR) from the capital, with various Chinese ex representatives in Latin American and CICIR members in attendance.
The official’s visit aims to take a “quantum leap” by Chinese investment in, China’s second biggest trading partner in the Caribbean, despite both countries’ obstacle of not having diplomatic ties, because of Dominican Republic’s relations with Taiwan.
“The issue of diplomatic relations has not been addressed. For China, at this time, it’s essential to empower its policy of reunification with Taiwan and therefore they don’t want to touch the issue,” the official said.
He noted however “a positive attitude to promote tourism and investment and cultural relations.”
Montas admitted nonetheless that none of the meetings slated with Communist party or Chinese government officials materialized.
He said the visit aims to attract Chinese investors by making them aware of Dominican Republic’s “great potential in the mining sector, in agriculture or industry.”
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