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Wednesday, March 16, 2011

Commonwealth nations invest US$5.0B per year in Dominican Republic

The Roundtable of the Commonwealth of Nations yesterday marked the Day of the World Commonwealth by launching the campaign “The woman as an agent of change,” and revealed that those countries have investments that top US$5.0 billion per year in Dominican Republic.

“These countries have a same idiosyncrasy, political and legal system, among them Great Britain, India, Canada, Trinidad and Tobago, Jamaica, Australia, South Africa, Pakistan, Nigeria, Singapore,” said Roundtable president Fernando Gonzalez Nicolas.

He said Great Britain’s Queen Elizabeth II heads the Commonwealth of 54 countries in every continent, whose population of nearly two billion control 25% of the world’s trade.

“The Round Table of the Commonwealth of Countries in Dominican Republic is an initiative created in 2002 to promote bilateral relations between the 54 nations and the Dominican Republic,” Gonzalez told reporters in the press conference held in the Torre Empresarial, in Santo Domingo.

The business leader said in the Roundtable participate the diplomats of Commonwealth countries assigned in Santo Domingo, the presidents of the binational Chambers Commerce of Great Britain, Canada, Trinidad and Tobago, and the society of friends of India and South Africa.

Gonzalez, who affirmed that those multinational companies which have their corporate offices in one of the 54 countries also participate with joint investments in Dominican Republic topping US$5.0 billion.

He cited Scotiabank, British American Tobacco, BAT, Shell, Orange, Jamaica Money Market Brokers (JMMB), and the San Felipe Power Company, among others. “These are the main international investors in the Dominican Republic. These countries have investments that surpass five billion dollars per year.”

Source: Dominican Today

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