Maricell Silvestre Rodríguez Trade and Investment Policies Manager Representing Jean Alain Rodríguez Secretary of State and Executive Director Export and.

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Presentation on theme: "Maricell Silvestre Rodríguez Trade and Investment Policies Manager Representing Jean Alain Rodríguez Secretary of State and Executive Director Export and."— Presentation transcript:

1 Maricell Silvestre Rodríguez Trade and Investment Policies Manager Representing Jean Alain Rodríguez Secretary of State and Executive Director Export and Investment Center of the Dominican Republic (CEI-RD) 2014 KSP Regional Workshop Latin A merica and the Caribbean

2 DOMINICAN REPUBLIC: country profile. Population 10 Million. Territor ial Extension: 48,700 km 2. Open econo my with more than US$27, 000 MM in ex port/import The country with the most maritime and aerial connec tions in the C aribbean. We export m ore than 3,78 0 product line s, to more th an 189 count ries. 2

3 Dominican Republic Main exporter of organic bananas and cocoa to the UE.Main exporter of cigars to the USA.Between the 9 main exporters of mangoes to the UK. Main exporter of sugar-cane rum to Spain and 3 rd world wide. 3

4 Export and Investment Center of the Dominican Republic (CEI-RD). ▶ CEI-RD is the official agency responsible for the promotion of exports and Foreign Direct Investment (FDI). - To promote the Dominican Republic in the international markets for goods and services; - To offer technical and policy assistance to improve new markets, identify new products with potential for exportati on and enhance competitiveness; -To support export promotion and expansion for sustained economic development in the Dominican Republic; - To support capacity-building efforts of Dominican policy-makers and entrepreneurs to attract international investm ent. 4

5 Strategic Public Policies: export promotion. Improve access to foreign m arkets and facilitate internati onal trade; Develop value-added produc tion capacities; Support collaborations to ge nerate research and infrastru cture capacity; Sustainable financing: Support the exports of goods and s ervices. Generate quality employment. 5

6 Export Promotion Strategy: Dominican Republic Experience. 6 KSP for the Dominican Republic began in June 2006. The Korean Ministry of Strategy and Finance (MOSF) sele cted the Dominican Republic as the first beneficiary countr y for the KSP in Latin America. KSP Provision of assistance through capacity building and competitiveness enhancement of working-le vel officials involved in the mission; Support capacity-building efforts of Dominican p olicymakers and entrepreneurs to facilitate the pr omotion of export’s and sustained economic dev elopment in the Dominican Republic. Objectives

7 Project Background KSP I-VI. 7 KSP I (2008): A comprehensive policy advisory service was carried out for the ex port development policy of the Dominican Republic. KSP II (2009): Policy advisory services concentrated on the construction of struct ural infrastructure in order to improve SOC for export promotion an d modernization of the power system, among others. KSP III (2010): Efforts were concentrated on the export financing sector in order to support the establishment of an Export Credit Agency (ECA) in the Dominican Republic.

8 Project Background KSP I-VI. KSP IV (2011): Aimed at export credit capacity building and export industry promotion for the Dominic an Republic. KSP V (2012): Provided continued support for export credit capacity building as well as a training cour ses. KSP VI (2013) : Policy advisory services concentrated on: - Follow-up support in launching DEXIM for Export Credit Capacity Building of the Dominican Republic; - Improvement of Food Quality System by establishment of DFRI (Dominican Food Research Institute) in Do minican Republic; - Establishment of the CIBAO Trade Center in the Dominican Republic. 8

9 Meetings. 9 Knowledge Sharing Program f or Development Partnership C ountries: Export Credit Capaci ty Building and Export Industr y Promotion. January, 2013. S eoul, Korea. Interim Reporting and Policy Practitioners Workshop of the Knowledge Sharing Program ( KSP) with the Dominican Rep ublic. February, 2014. Seoul, Korea. Final Reporting Workshop of t he Knowledge Sharing Progra m (KSP). April, 2014. Santo D omingo, Dominican Republic.

10 Project Execution Results. Knowledge Exchange Cooperation Recommendations Implementation sup port Researc h 10

11 The Export Bank of the Dominican Republic (BANDEX). 11 Promote export development on the basis of a competitive dynamic insertion in international markets. Strengthen the national system for the financing and promotion of exports of goods and servi ces, with emphasis on the expansion of exports of high added value and diversification of ma rkets. The Export Bank of the Dominican Republic (BANDEX) Financial institution dedicated exclusively to the promotion of national productive capacities and export pro motion.

12 BANDEX. Next Steps. 12 Completion of the transformation process of the BNV P. Approval of the bill creating the BANDEX duly agreed between the institutions involved in the project. Create and organize the platform of financial product s that will make BANDEX attractive to export sector i n the Dominican Republic. Initial and ongoing training for the human resources t hat will be involved in the project, both for the CEI-R D and BNVP.

13 13 Maricell Silvestre Rodríguez Trade and Investment Policies Manager Representing Jean Alain Rodríguez Secretary of State and Executive Director Export and Investment Center of the Dominican Republic (CEI-RD)


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