The Canadian Dominican Chamber of Commerce collaborated with the Round Table of the Commonwealth Countries, in the organization of a lunch to present & ; The Potential of Canada as a Partner of the Dominican Republic , in the Canada Thanksgiving celebration frame.
Canada’s broad possibilities as a commercial, cultural and educational partner were presented by the keynote speaker, S.E. Shauna Hemingwey, Canadian Ambassador to the country, who was accompanied by Lic. Miguel Vargas, Minister of Foreign Affairs, Lic. Fernando González, President of the Round Table of Commonwealth Countries in the Dominican Republic and the newly elected President of the Canadian Dominican Chamber of Commerce, Lic. Gustavo de Hostos.
In his capacity as president of this bilateral Chamber, during his speech Lic. De Hostos presented interesting data on trade between both countries. He noted that our export service par excellence, Tourism, in 2017 generated a total of 6.830 million passengers and among these, 837 thousand from Canada. Figure that until August 2018 throws numbers of 5,075 million tourists and 700 thousand from Canada, estimating 1 million passengers arriving this year from that country to the Dominican Republic.
Expanding on our trade balance, he reported that “Canada exported US $ 165 million to the DR; RD incredibly exported to Canada, US1.225 billion, which represents more than 7 times the total to RD. But if we separate the mining industry, gold with USD $ 986 million and USD $ 200 million from other minerals, and tourism with USD $ 1 billion, Canada has a slight trade balance in favor in the other lines of only USD $ 40 million. US $ 40 Million that can be reduced to zero, if we achieve the main objective of this new CANCHAMRD Board of Directors, which is the signing of an investment protection agreement to facilitate and protect the Dominican investments in Canada and the Canadians in the DR; all this when it is confirmed that all Dominican sectors agree to sign a bilateral investment protection, “concluded Hostos.
Other personalities that were present were George Tomé, Vice President of Scotiabank, Juan Carlos Contreras, General Manager of Gildan, Roberto Herrera, President of the Dominican Association of the Electrical Industry and Eduardo Domínguez Imbert, past President of the Canadian Dominican Chamber of Commerce. , several Vice Ministers, Ambassadors, Business Managers, etc …
