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Friday, November 18, 2011

Dominican Republic’s business attractions showcased in Australia

Around 1,400 business leaders, 16 heads of State and 120 exhibitors participated in the Commonwealth of Nations’ Business Forum organized jointly with its Council and the Summit of heads of State from the entity’s 54 countries.

Commonwealth leader Queen Elizabeth II of Great Britain led the event with representatives from the countries scattered in six continents, 2 in America, 12 in the Caribbean, 3 in Europe, 19 in Africa, 8 in Asia and 10 in the Pacific.

Dominican Republic Round Table of Commonwealth of Nations president Fernando González Nicolas said his has historically been a front door for those who’ve conquered the Americas and stressed his country’s leadership in tourism and mining and with great potential to attract foreign investment.

The forum showcased the Commonwealth’s potential for Dominican exports, tourism and increasingly more attractive for foreign investments especially in sectors, petroleum and natural gas.

The Commonwealth countries are home to 20,000 companies trading in the stock markets and control 25 percent of the global trade.

Emerging countries like India, Nigeria, South Africa, Malaysia are becoming new economic centers. For example five Commonwealth countries -Singapore, New Zealand, United Kingdom, Canada and Australia- figure among the world’s top 10 countries with the best climate for business.

González Nicolas said even Dominican Republic isn’t an active Commonwealth member, it can take advantage of those relations to diversify international trade and increase exports as well as the investments.

In Forum, South African industrialist and director of the global miner Anglogold, Mark Cutifani, said the price of gold could climb to USD$2,200 the ounce in 2013, given the world’s many uncertainties.

Moreover, the business leader announced a visit by investment promotion agencies of various Commonwealth countries which attended the Forum, which agreed to meet in Santo Domingo in February to exchange experiences of how small countries can effectively attract investments.

Gonzalez Nicolas added that the President of Mauritius investment Promotion Council and his Singapore and Pacific islands pars also plan a visit, hosted by the Round Table of Commonwealth Countries.

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Source: Dominican Today

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