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Time’s ripe to invest at Dominican Republic-Haiti border

Santo Domingo.- Mogul Juan Vicini on Thursday announced that a group of Dominican and Haitian entrepreneurs advance plans to invest in various areas including tourism, to develop the Dominican-Haitian border.

He said joint projects have already started and technicians from both countries have the studies to submit to the bilateral commission which discusses the development of both nations.

Vicini said investments are needed to develop the border and open new sources of jobs to benefit a young adult population he affirm is as high as 4.0 million Dominicans and 4.5 million Haitians, or nearly half of the people in each country.

“I think it’s possible and the economic growth rates that can be generated here are much higher than in other areas, if we include infrastructure, effort, commitment and from a business view, the word border should be a motivating factor,” he said.

The border with Haiti generates from RD$1.0 billion to RD$2.5 billion per year in daily business, making the Dominican Republic’s second largest trading partner, said Vicini during a discussion at the conclusion of the Entrepreneur Fair, held at Acropolis Center.

This trade, he said, is generated without any formal conditions of infrastructure, which in his view his projection is even a more important when the effort is developed, “and our only land border, allowing the cheapest export cost in the world and there are points such as Ouanaminthe and Dajabón who’ve developed this trade person to person.”

Source: DT

Category: DR News |

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Last updated December 4, 2016 at 1:52 AM
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