By Rosa Rodriguez
Caribbean Net News Dominican Republic Correspondent
Email: rosa@caribbeannetnews.com
SANTO DOMINGO, Dominican Republic: The Dominican Republic will receive more than 1.5 billion dollars in direct foreign investment next year, from the effects of the Free Trade Agreement with the United States and Central America (DR-CAFTA).
The origin of foreign investment in the country continues to be focused on the United States followed by Canada, and now Mexico, with the new investments in the telecoms Claro and Codetel (America Movil), as well as in the area of cement (Cemex), among others.
Another of the results is that companies "are changing domicile," and revealed that important firms from Guatemala, El Salvador, Honduras and the US are coming to set up shop in the Dominican Republic.
The investments in the Cybernetic Park and the contacts by the Dominican Republic’s Export and Investment Center (CEI-RD), demonstrate that the country doesn’t have to depend only on tourism, but can also invest in technological development
Source www.dominicantoday.com
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