Dominican Republic
Successfully Concludes Free Zones Trade Mission to South Korea and Taiwan
16 / June / 2014

The mission of entrepreneurs and operators of industrial free zones parks of the Dominican Republic that traveled to South Korea and Taiwan, headed by the Minister of Industry and Commerce, Jose del Castillo Saviñón culminated with significant success after making direct contacts with more than 200 businessmen from the sectors of manufacturing and services.

The various activities carried out were coordinated by the National Free Zones Council, with the support and collaboration of the Dominican embassies in both countries, as well as the Embassy of Taiwan in the Dominican Republic, with the aim of increasing trade relations and attract new investment capitals into the country.

It is important to highlight the participation of more than 80 Korean Businesses at the Investment Forum that was held on Monday, June 16th, at the Lotte Hotel in Seoul, where the Minister Del Castillo made an illustrative presentation on the existing competitive advantages and business opportunities offered by the free zones.

During the visit to Korea, Del Castillo also accomplished an intensive program of meetings, including the official meeting with the Deputy Minister of Commerce, Industry and Energy of Republic of Korea, Mr. Han Jin-Hyun, in which they discussed various ways to increase bilateral cooperation.

During his visit to the country, the Trade Mission had the opportunity to visit the Pangyo Techno Valley, considered the "Silicon Valley" of Korea. Also, a meeting was held with representatives of the Korean Creative Content Agency (KOCCA), where it was discussed the proposal submitted to the Agency for International Cooperation of Korea (KOICA), on the implementation of a development project on the digital content industry of the Dominican Republic.

Similarly, a Trade Seminar was held in Taiwan developed a seminar, with the participation of a hundred Taiwanese businessmen.

Previously, a visit to the General Director of the Industrial Development Bureau (MOEA), Mr. Ming-Ji Wu, was scheduled. Also, a meeting with Chung-Yu Wang, President of the Association for International Economic Cooperation of Taiwan and Walter Yeh, Executive Vice-president of the Council for the Promotion of Foreign Trade (TAITRA).

Minister Del Castillo, accompanied by Luisa Fernández, Executive Director of the Free Zones Council, Alexandra Izquierdo, Director of PROINDUSTRIA, and Aquiles Bermúdez, President of ADOZONA, participated in two state dinners offered by the Ministry of Economic Affairs and the Ministry of Foreign Affairs of Taiwan, the latter chaired by Mr. Simon Shen Ko-Yea, where attendees have the opportunity to discuss the technical and financial support requested for the creation of the Dominican Footwear Institute.

Important to mention the visit made to the Chungkang Export Processing Zone, one of the nine processing zones that exist in Taiwan.

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