President Fernández Meets with Business People in New York

President Fernández Meets with Business People in New York
Dominican Republic, Santo Domingo, 05/24/2011

Dominican President, Leonel Fernández, met in New York with business people from different sectors, who expressed interest in investing millions in the Dominican Republic.

The Head of State stressed that the Dominican Republic is experiencing a period of macro-economic stability, institutional strengthening and has undergone appreciable advances in its judicial system which combine to make the nation propitious for safe and profitable investment.

President Fernández’s first meeting was with Robert L. Johnson, founding president of the RLJ Companies, a network of innovative companies with million-dollar investments in the hotel and other financial sectors in the United States and other countries.

The President’s second meeting was promoted by the Investment Committee of the Hispanic Chamber of Commerce of the United States. Business people, mostly Jewish, who took part in the meeting have substantial investments in a wide area of the economy such as in commercial, banking, financial, telecommunications, hotels, entertainment, pharmaceutical, solid waste recycling and in the general services area.

Some of the participants have already established businesses in the Dominican Republic. Others showed interest in doing business but also took advantage of the meeting with President Fernández to discuss vital issues such as the investment climate, judicial security and the structure of available services in the DR, according to the President’s Office of Information, Press and Publicity.

Among the participants were Douglas Llapen, from Turitel Telecommunications; David Teller from Empire Bank; Israel Rosenblum, representative of REPDSA and Abraham Greenfield, president of Dollar Phone.

The Head of State stressed that the Dominican Republic is experiencing a period of macro-economic stability, institutional strengthening and has undergone appreciable advances in its judicial system which combine to make the nation propitious for safe and profitable investment.

He referred also the to the comparative advantages offered by the Free Trade Agreement signed between the Dominican Republic, the United States and Central America (CAFTA), the Caribbean Common Market (CARICOM) and other commercial agreements that serve to strengthen commercial exchange and be highly beneficial for Dominicans.