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El sector agroindustrial tam-      ción de empleos y crecimiento       THE AGRIBUSINESS SECTOR
bién tiene las ventajas del apro-  económico es un signo de que        HAS A HIGH POTENTIAL FOR
vechamiento de un mercado          la economía de servicios de         THE DEVELOPMENT OF EXPORT
local creciente y el consumo de    manufactura tanto industrial        ORIENTED PRODUCTS
casi cinco millones de turistas    como agroindustrial, tiene mu-
que visitan el país cada año.      cho futuro en el país.              The Dominican economic model is ideal for
Tomando en cuenta que existe       Esos subsectores forman parte       investment in agricultural products, especially
todavía un gran espacio para la    de la zona franca, que es a su      tropical fruits of high acceptance in the United
innovación y la asistencia finan-  vez uno de los sectores con más     States and the European market.
ciera y técnica en el campo, la    crecimiento por la realidad eco-
República Dominicana ofrece        nómica internacional, debido        The agribusiness sector in the Dominican Republic has
grandes oportunidades de in-       al encarecimiento de China.         the facilities of the Law 150-97, which provides zero
versión para desarrollar proyec-   Una gran cantidad de empresas       rate to the import of inputs, equipment and machinery
tos agrícolas.                     han emigrado hacia la Repú-         for agricultural projects. In addition, our country has
                                   blica Dominicana, expresó Del       excellent land for cultivation of fruits and vegetables
AGRO, INDUSTRIA Y COMERCIO         Castillo Saviñón.                   during the 365 days a year,becoming an ideal destina-
                                                                       tion for agribusiness production.
El ministro de Industria y Co-     MÁS INVERSIÓN EXTRANJERA            Currently, in the Dominican Republic,there are more
mercio, José del Castillo Sa-                                          than 500 agribusiness enterprises that generate
viñón, considera favorable el      Durante las últimas dos dé-         around 58.000 direct jobs and opportunities for local
modelo económico dominica-         cadas, los sectores Industria,      and foreign markets for more than 150.000 agricul-
no, aunque entiende que hay        Agroindustria y Comercio han        tural producers. Traditionally, agriculture includes the
aspectos que deben ser refor-      captado poco más del 20% de         production of sugar cane, coffee, cocoa and tobacco;
mulados.                           la inversión extranjera que se      while among the main products of non-traditional
La competitividad y el fomento     ha establecido en el país. Para     exports are fruits ,such as banana, orange, avocado,
de una cultura de emprendi-        el titular de Industria y Comer-    pineapple, mango and melon, becoming our country
miento de calidad, son parte       cio, esa es una muestra de la       one of the main suppliers of the US market and several
de las iniciativas que impulsa     confianza que tienen los inver-     European countries in some of these items.
el Ministerio de Industria y Co-   sionistas en la estabilidad y cre-  Several Dominican products are currently in the first
mercio, con el aprovechamien-      cimiento económico, así como        global positions with regard to their production and ex-
to del marco legal vigente. Re-    las ventajas que ofrece el país     port: The country is the leading exporter of cigarettes
salta que el impacto que tiene     para el desarrollo de empresas      to the United States, the main exporter of Rum toward
la zona franca en la genera-       y la oferta de sus productos.       Spain and Chile, and the second largest exporter of
                                                                       Cocoa to Latin America.
                                                                       Considering that still there is a great space for innova-
                                                                       tion and the financial and technical assistance in the
                                                                       field, the Dominican Republic offers great opportuni-
                                                                       ties for investment to develop agricultural projects.

                                                                       AGRICULTURE, INDUSTRY AND TRADE
                                                                       The Minister of Industry and Trade, José de Castillo
                                                                       Sauvignon, deemed favorable the Dominican econo-
                                                                       mic model, although he understands that there are
                                                                       aspects which should be reformulated.
                                                                       Competitiveness and promotion of an entrepreneurs-
                                                                       hip culture are part of the initiatives driving the Minis-
                                                                       try of Industry and Trade, with the use of the existing
                                                                       legal framework. He highlights the impact that free
                                                                       zones have in the generation of jobs and economic
                                                                       growth and considers it a sign that manufacturing
                                                                       both industrial and agribusiness has a long future in
                                                                       the country’s economy.
                                                                       These subsectors are part of the free trade zones,
                                                                       which is the number one sector with more growth by
                                                                       the international economic reality, due to the rise in
                                                                       China.
                                                                       Castillo Sauvignon said that a lot of companies have
                                                                       migrated to the Dominican Republic.

                                                                       MORE FOREIGN DIRECT INVESTMENT
                                                                       During the last two decades, Trade, Industry and Agri-
                                                                       business have captured just over 20% of foreign in-
                                                                       vestment that has been established in the country. For
                                                                       the Minister of Industry and Trade, that’s a sign of the
                                                                       confidence that investors have in the stability and eco-
                                                                       nomic growth, as well as the advantages of the country
                                                                       for business development and supply of its products.

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