Moves to Increase Foreign Trade

Foreign Trade Center opens in Santo Domingo

President Leonel Fernandez has opened the new Institute of Foreign Trade and Business Innovation of the Dominican Republic (I-CEi), a training center for the development of foreign trade and investment. The facility was built at a cost of RD$180 million donated by the Japanese Agency for International Cooperation (JICA). Two Japanese firms, Yamashita Sekkei Inc. and Fujita Corporation, were responsible for the construction. The Japanese ambassador to the Dominican Republic, Shinomiya Nobutaka, emphasized the ties between the two nations and cooperation among governments over the years.

The Institute will contribute to the goal of doubling exports in the next four years. Exports are now at US$6.5 billion. The I-CEi will train executives from large Dominican corporations with exports of US$300 million or more to convert these to global companies and at the same time prepare executives of small and medium-sized businesses so their companies can export.

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