Government efforts lead to growth in Dominican exports to Guyana

Santo Domingo.- The Dominican Republic has experienced a significant increase in exports to Guyana, attributing this success to the government’s support measures for exporting companies and the resilience shown by exporters during the years following the pandemic.

Key factors contributing to this export boost include the official visit of President Luis Abinader to Guyana last June and the reciprocal visit of President Irfaan Ali of Guyana to the Dominican Republic in August. These visits fostered closer trade relations between the two nations.

Additionally, ProDominicana organized business rounds in October, which resulted in more than 123 formal meetings between Dominican exporters and international buyers, with a strategic focus on Guyana.

It should be noted that Dominican exports to Guyana during the last three years have exceeded those of the 2016-2020 period. Products such as Portland cement, sweet cookies, fermented beverages, chocolate and construction materials have shown notable growth in exports.

In October alone, domestic industries accounted for 67% of international shipments, reinforcing the Dominican Republic’s position in the Guyana market as an opportunity to diversify exports within the Caribbean.

ProDominicana maintains its commitment to increasing Dominican exports by identifying new market niches for national products and promoting foreign investment in the Dominican economy.

Leave a Comment

Punta Cana Today, Real Estate Market News