The Directorate General of Customs and Excise conveyed DR provisions in the UK to welcome companies with a nearshoring model

London.- Directorate General of Customs (DGA) exhibited in London, in context tenth edition of Dominican Week in the UK, about connectivity, storage space, technology And modern legal framework with which ports and airports of the Dominican Republicso that foreign companies bring some of their productive processes into the country, before return Near the beach as a business model.

during the conference Dominican Republic Hard Data, presented to British investors and diplomats the figures and arguments supporting it The country has become an ideal logistics center for British companieswhere they have been exported more than USD 578 million in the last 5 years, established a distribution or co-production center in America.

Daniel Peñadeputy director of DGA Technology, representing the general director, Eduardo Sanz Lovatonhighlighting that average inspection per day containers at the Port of Haina were bypassed from 160 to 1,000after installation of the X-ray scanner in that terminal, 596 Authorized Economic Operators (OAS) owned by the country, and 158 indicators What does he have? Risk Engine (MOR) from DGA to create load profiles with artificial intelligence.

“24-hour clearance of goods, the new Customs Law, modernization of X-ray machines, simplification of bureaucratic processes and implementation of a new risk management system, provide all the facilities for the country to become the most competitive Logistics. Center in this region”, Peña said during his presentation.

He also highlighted that the Dominican Republic is the second country with the largest air connectivity on the American continent in 2023as measured by the International Air Transport Association, it third country with the most maritime connections a number of countries in the region, and countries with best postal delivery time the region, according to the logistics performance index (LPI for the acronym in English) of World Bank.

He also detailed this 109 exporters carry out the process digitally (no paper) and the number of countries to which it exports from the Dominican Republic is increasing from 15 in 2020 to 64 different countries today.

Among the most exported products currently from the Dominican Republic to the UK are bananaamounting to 41.63%; banana, 28.48%; and in a smaller proportion, identifiable device for use on stomata, avocados, and personal care and hygiene items.

While ProDominicana director, Biviana Riveiro, In his participation he stated that global exchanges between the two countries were also taking place grew more than 15% last year and it has quadrupled in the last 10 years.

“Direct investments continue to flow and by 2023 we will have more than 25 million dollars” Riveiro explained.

Amauri Vasquezpresident of the British Chamber of Commerce in the Dominican Republic (BRITCHAM DR) and Dominica’s ambassador to the UK, Elnio Durán, highlighted the purpose of this Dominican Week is for British businesspeople to understand it competitive advantage that the Dominican Republic has to offer and that Commercial exchange is encouraged.

Meanwhile the British Ambassador, Mokbul Alireaffirmed that Relations between the two countries have quadrupled in the last 10 years and highlights that the Dominican Republic offers tremendous opportunities for UK companies.

Dominican Week in the UK 2023

British Chamber of Commerce in the Dominican Republic (BRITCHAM RD), Dominican Embassy in the UK and British Embassy in the Dominican Republicstarting this Monday tenth edition of Dominican Week in the UK, where is delegate more than 100 businessmen and official officials which will promote trade and cultural exchange between the two countries throughout the week.

There, an important meeting took place between representatives, officials and businessmen from the two countries UK Department of Exports and Finance (UK Export Finance, as its name suggests in English) which is the UK’s export credit agency, seeks to do just that new facilities that increase investment and encourage exports between the two countries.

Roderick Gilbert

"Entrepreneur. Internet fanatic. Certified zombie scholar. Friendly troublemaker. Bacon expert."

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