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Brexit won’t impact UK-Dominican trade in short term

Santo Domingo.- British ambassador Chris Campbell on Wednesday said Brexit won’t impact trade with the Dominican Republic in the short term.

He said his country’s decision and the agreements with the European Union will remain in effect for around two-and-a-half years.

The diplomat said they are now planning everything leading to negotiations and that Dominican companies are protected within his country’s agreement with the EU, which will still be a member of that regional bloc for at least 30 months, until the talks conclude.

He said the UK is a geographical neighbor and with which needs to maintain good ties. “We are allies, geographical neighbors, neighbors, family, and in values.”

Interviewed by diariolibre.com, Campbell said the UK will continue as one of the best business partners in the world and is the world’s fifth largest economy and are members of the most important economic bodies and “that will not change.”.

Investment climate

Two British companies will open branches in the country in the next two weeks, with an initial investment of US$250 million, which Campbell says is evidence of Dominican Republic’s good climate to invest.

The UK envoy added that those companies are in the areas of service and industries and have letters of guarantee from their government regarding the Dominican Republic’s legal security to develop and market their products.

Source: DT

July 28, 2016

Category: DR News |

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Last updated December 4, 2016 at 1:52 AM
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