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Dominican Republic and Mexico Eye New Phase of Trade and Investment
Dominican Foreign Minister Roberto Álvarez said shifting global supply chains and the complementary strengths of the Dominican Republic and Mexico create a strategic opportunity to deepen bilateral trade, investment, and industrial cooperation.
Dominican Republic Foreign Minister Roberto Álvarez called on business leaders to play a leading role in strengthening economic ties with Mexico, arguing that current changes in the global geoeconomic landscape present a unique opportunity to expand bilateral trade and investment.
Speaking at a luncheon organized by the Dominican-Mexican Chamber of Commerce and Investment (CADOMEX), Álvarez said Mexico’s industrial capacity and extensive supplier network complement the Dominican Republic’s growing manufacturing sector, strategic geographic location, preferential access to major international markets, macroeconomic stability, and strengthening institutional framework.
Building Regional Supply Chains
Álvarez said incorporating Mexican industrial inputs, components, and manufacturing processes into Dominican production could enhance the competitiveness of both economies while creating new opportunities to serve third-country markets through integrated regional supply chains.
He also emphasized that the long-standing relationship between the two countries, characterized by mutual trust and close cooperation, provides favorable conditions to expand collaboration into new strategic areas. Among the shared regional challenges he highlighted was the growing impact of sargassum, which affects tourism, coastal ecosystems, and economic activity throughout the Caribbean.
Mexico Remains a Major Investor
According to the foreign minister, Mexico is one of the Dominican Republic’s largest sources of foreign direct investment, with accumulated investments exceeding US$3 billion. He pointed to the presence of major Mexican companies operating in the country, including Claro Dominicana, Bepensa, Sigma Alimentos, and The Palace Company, as evidence of the strong commercial relationship.
Álvarez argued that businesses play a central role in strengthening bilateral relations by developing supplier networks, introducing innovation, and creating economic connections that later become institutional partnerships. He encouraged business leaders from both countries to take an active role in shaping the next stage of the Dominican-Mexican economic relationship.
Private Sector Sees Growth Opportunities
The event was led by Jesús Cornejo, president of CADOMEX, who highlighted opportunities to deepen cooperation in trade, education, culture, and tourism. He said closer collaboration could help position the Dominican Republic within global value and supply chains, particularly for products and services exported to the United States.
During the discussion, Álvarez answered questions from business executives and private-sector representatives on bilateral trade, the Dominican investment climate, business opportunities, and the government’s strategy to strengthen the country’s integration into the global economy. Senior officials from the Ministry of Foreign Affairs, Mexico’s ambassador to the Dominican Republic, representatives of the Ministry of Industry, Commerce and MSMEs (MICM), and executives from the financial, industrial, logistics, technology, commercial, and services sectors also attended the event.
