President of the Dominican International Chamber of the United States encourages taking advantage of the favorable business, tourism and investment climate in D.R.

Florida, USA, March 12, 2021.- The International Dominican Chamber of Business & Tourism in Florida, considers the dynamization process relevant, with difficulties and limitations that the pandemic caused by Covid-19, which is currently living in the Republic, entails. The Dominican Republic, actions in the economic plane, such as in health, which have placed and maintained President Luis Abinader Corona in the 2nd place of sympathy in the ranking of the Presidents of America.

Pedro J. Diaz Ballester, president of “the Federation”, as the dynamic business organization is known by its original name, highlighted the wise decisions made by the economic and governmental team wisely in constant coordination with the Dominican private leadership, which have been very well received and supported by the main sectors of the nation, based on the generation of new businesses and jobs, as well as the reactivation of various business areas for the benefit of small and medium enterprises, as well as others. sectors.

Similarly, Diaz Ballester expressed that, on his behalf, and of the Chamber’s Steering Committee made up of renowned businessmen and executives such as Martin Medina Gomez, Dr. Soraya Aguasvivas, Manuel Garcia Denis, Ana Maria Segura, Efrain Sora, Victor Cabrera, Andy De Jesus, Julio Burgos, representing the Board of Directors, conveys his congratulations to the Dominicans living abroad, the valuable diaspora, as they proudly celebrate our National Independence, on February 27th.

TOURISM RECOVERY

Pedro Diaz Ballester, who was also Advisor-Director of International Relations of the Dominican Ministry of Tourism, sees relevant the Secretary General of the World Tourism Organization (UNWTO), Zurab Pololikashvili, affirmed last week that the Dominican Republic is a world example of how can manage tourism with responsible protocols in this pandemic, managing to activate national and especially international tourists, with health security, highlighting that the best sign of confidence in Dominican tourism is that Pololikashvili vacationed with his family in Punta Cana.

I focus on the recent information that indicates the actions of the Presidential Tourism Cabinet, in conjunction with ASONAHORES and the private tourism sector in general, have allowed to save about 100,000 jobs in that sector, as well as that they will close February with more than 100,000 visitors, evidencing the Tourism is rising firmly, which is of great impact considering it is the main industry in the country, representing 15% of the Gross Domestic Product (GDP). I appreciate the appointment that has just been made in the person of Frank Rafael Rainieri, CEO of Grupo Puntacana, as “UNWTO Sustainable Tourism Ambassador”, another recognition to that destination and to the country, as is the PGA Golf, too. … ///

REAL ESTATE AND TOURIST INVESTMENTS

In this area, another where Diaz Ballester has more professional and business experience, points out that the Dominican Republic has boosted its characteristic appeal, since various real estate and tourism projects continue to receive more and more injection from national and international investors, as well as more protection from the Dominican government. “The fact that the distinguished friend, Luis Rodolfo Abinader, today President of the Republic, is a recognized businessman in various lines, but especially in the construction and tourism sectors, results in tremendous endorsement for the government to support favorable conditions for the success of investments in them ”. Similarly, he stressed that “the main Advisor to the Minister of Tourism, is, in addition to former president of the Council of Private Enterprise (CONEP), a recognized expert trained in the financial, public and private world, and later a successful hotel and business entrepreneur. real estate, the latter conditions with which the current president of the Association of Hotels and Tourism also has, for which we are in excellent hands, vision and experiences for the continuous development of these sectors ”.

In that sense, Pedro Diaz Ballester, president of the International Dominican Chamber of Business & Tourism in Florida and the entire United States, expressed: “With great pride, he motivated Dominicans and foreigners to invest in these and other convenient sectors in the Dominican Republic, since Prices, business vision, opportunities, official facilities and conditions in general are excellent, for which we also have a banking sector, as well as a trust, stock exchange and other innovative financial mechanisms, increasingly identified with the lines that the country needs to develop ”.

ON FOREIGN INVESTMENT

Diaz Ballester, who has promoted the Dominican Republic abroad for more than 40 years, and was an International Business and Investment Advisor to the Presidency of the Republic, under President Fernandez’s management, highlights how welcome it is, and the impact that generates, foreign investment in the national economy, given the incidence of its contributions of 37% of fiscal income directly or indirectly, in foreign exchange, as of great relevance is also the factor that around 71% of exports are produced by Foreign Direct Investment (FDI) companies, as well as 22.5% to the social security of the private sector, contributing some 200,000 formal jobs to the economy.

He expressed that the Foreign Investment Association has indicated these totaled US $ 3,012.8 million in 2019 and the fact that despite the pandemic it is estimated in 2020 they were about US $ 2,554 million, based on estimates from the Central Bank of the Republic, shows a lot of confidence in the country.

5G TECHNOLOGY AND SYSTEM INVESTMENTS

Diaz Ballester, whose group manages some 15 Multimedia in the main business areas, highlighted that in this world with digital priority, the Dominican government recently formalized an international public tender for the operation of the 5G system, through the Dominican Institute of Telecommunications ( Indotel), with which the Dominican Republic will be the second country in the region in the capacity to assign up to 100 continuous MegaHertz in medium bands, which is understood to result in the amount of spectrum recommended to achieve the maximum potential of the 5G network, until now.

This aspect, he pointed out, is very important to be known by investors, sectors and business people, given the advances that it will imply in terms of opportunities and access to technology.

FREE ZONES

In relation to this dynamic international sector, he recalled that a relaunch was activated in October, achieving the results in just five months the installation of more than 17 new companies that will begin operating this year, with an investment of over US $ 38 million, such as great impact the recovery of 98% of jobs that had been suspended due to a pandemic. “The Minister of Industry, Commerce and SMEs, engineer Víctor Bisono Haza, reported that about 10 companies of those already established in the R.D. they will activate expansion processes, which is also very convenient ”, he said.

EXCELLENT RELATIONS WITH FLORIDA

Pedro Diaz Ballester, after commenting that the United States, the East Coast, and more directly Florida, are the main business point for the Caribbean country, highlighted that the Dominican Republic continues to be one of the VERY main commercial partners of South Florida, with a high impact on their economy, which they can check in the data of the Ports of Miami, Everglades and others, as well as their airports. With pleasure and special affection, he distinguishes the excellent and fraternal relationships that unite him, as well as his organization, business leadership and the official sector, in Miami-Dade, Broward, West Palm Beach, the growing Central Florida, as in areas a little further afield, but very important, such as Tampa, Jacksonville and the state capital, Tallahassee. He celebrated the election of Jose -Pepe-Diaz as Chairman of Miami-Dade County, as he is a great ally of our organization and of our country, with positive footprints in District 12.

With CAMACOL, Enterprise Florida and Manny Mencia, Florida State Hispanic, World Trade Center Miami, the Chambers of Doral, Hialeah, Medley, Coral Gables, Miami Lakes, Westchester, FCBF, FFTA, among others, as well as very fully also with the Bi-National Chambers have worked closely on various projects, trade missions, and other types of events for about 40 years, in several of these.

He expressed that they are currently preparing several events with some of these organizations, which they will announce soon, for the benefit of our countries and communities.

DOMINICANS ON THE HILL / ATENCIÓN A DIASPORA

The former Advisor for International Affairs and Relations of the General Directorate of Customs, of the DR, I congratulate Congressman Adriano Espaillat and his team, as well as Daisy Baez, Cid, Wilson, Alejandra Castillo, Dr. Rafael Lantigua, among others, for the successful event that constituted the 3rd version of “Dominican son the Hill”, held on this occasion virtually, with content updated to the moments that we all live due to the pandemic.

Regarding the official authorities, he understands that the support for the Dominican community abroad has not yet resulted in an impact. A decision is respected in that sense, and we wish the best, but some important designation for the diaspora touched those who do not dominate the subject, apparently. The dynamics of the President does not seem to be imitated, reiterating that these “starters” aspire to serve the diaspora.

I am very sorry for the recent deaths in New York of Maestro Johnny Pacheco, as the excellent communicator, and personal friend, Ramon Anibal Ramos. He pointed out that, as a positive touch in these difficult moments, we have the signing of the magnificent contract to the player Fernando Tatis, Junior.

INTERNATIONAL ACKNOWLEDGMENTS

Pedro J. Diaz Ballester has received multiple national and international recognitions, including only in the last three years some 10 Recognitions in Miami, Doral, Broward, Orlando, Tallahassee, New York, New Jersey, as well as in his native country, for the work of more of 40 years promoting organizations, businesses, tourism, culture and investments for the Dominican Republic, while benefiting with its actions to Florida, New York, among others, being exalted in September 2018 at the University of New York with the ILLUSTRIOUS Award in Business and Entrepreneurship.

SUPPORT FROM THE PRIVATE SECTOR and THE ELECTRICAL PACT

He expressed the relevance of the signing of the pending Electric Pact in the Dominican Republic, after years of work by various actors to make it possible, which provides another positive message to international investors about the favorable and trustworthy process that the company is experiencing. Republic.

Finally, Diaz Ballester reiterated the International Federation’s full identification with the Dominican private sector in supporting President Abinader and his economic team, in order to achieve better results in various productive areas, given the considerable effects the world crisis has had on the country. -.

About the Dominican International Business & Tourism Chamber (La FEDERACION)

The Dominican International Chamber of Business & Tourism in the USA, is a non-profit organization, legally incorporated in the state of Florida, United States of America, for the defense of interests, greater development, benefits and impact of the Dominican Republic in international trade and business, tourism, banking, finance, investment, construction, industries, free zones, small and medium-sized companies, energy, agribusiness, telecommunications, technology, culture, among others, to increase the relationship and positive results with La Florida, New York, East Coast, and Washington, DC, as well as the United States in general, in more adequate use of markets, as well as other related destinations. It is made up of Dominican groups, organizations, companies and individuals, or of any nationality, with interests in, or towards, the Dominican Republic. In the same way, to serve as a counterpart to the Dominican private and public sectors, in their objectives and interests with the United States.