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T. Montas, official rep. in Peking, Rosa NG. FIle.
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Peking. - Dominican Republic can be the gateway for Chinese products to U.S. and European markets, due to the Caribbean country’s free trade agreements with both regions, said Economy minister Temistocles Montas, who’s visiting the Chinese capital today.

Montas arrived in China on Sunday to boost investment in his country and spoke on the “Prospects for cooperation in the Caribbean Region" at the China Institute of Contemporary International Relations (CICIR) from the capital, with various Chinese ex representatives in Latin American and CICIR members in attendance.

The official’s visit aims to take a "quantum leap" by Chinese investment in, China's second biggest trading partner in the Caribbean, despite both countries’ obstacle of not having diplomatic ties, because of Dominican Republic’s relations with Taiwan.

"The issue of diplomatic relations has not been addressed. For China, at this time, it’s essential to empower its policy of reunification with Taiwan and therefore they don’t want to touch the issue," the official said.

He noted however "a positive attitude to promote tourism and investment and cultural relations."

Montas admitted nonetheless that none of the meetings slated with Communist party or Chinese government officials materialized.

He said the visit aims to attract Chinese investors by making them aware of Dominican Republic’s “great potential in the mining sector, in agriculture or industry.”

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COMMENTS
17 comment(s)
Written by: ohhhvictor, 9 Apr 2013 9:20 AM
From: United States
nice move by the government!
Written by: raulm, 9 Apr 2013 9:38 AM
From: United States
Nice move right! If they were smart they will be focusing on bring industry back to the D.R.
Written by: Atabey, 9 Apr 2013 9:51 AM
From: United States, Bring DT Forum Back--


VERY, Did I say VERY LONG Overdue!!!

I've been saying this for the longest, DR needs to accept World Political REALITIES!!! Back in the early 1970s several nations, I believe Australia was one, established diplomatic relations with Red China BEFORE THE USA!.

DR is one of the last holdovers in Latin America. Costa Rica did so almost a decade ago & has garnered time + interests that will serve her well, while we in DR- AS USUAL- begin with deficits in that area. China has opened schools + provided funding for a National Stadium and other activities. But the most important development is the now decade long relationship and I believe even a free trade Agreement reached by Costa Rica & China.

DR needs to increase her Worldwide diplomatic linkage, recognize LONG ESTABLISHED POLITICAL REALITIES because as a small developing country her best chance at developing a prosperous country lies with an open competitive model.

China offers more than the old relationships.
Written by: Atabey, 9 Apr 2013 9:52 AM
From: United States, Bring DT Forum Back--

And Countries have interests not friends to defend.



Sometimes the two come together, but sometimes they don't and the leadership of a country like the DR should LONG AGO have recognized and ACTED as the GREAT MAJORITY of other countries in the community of nations have. Lots of lost time and opportunities.


Written by: josean, 9 Apr 2013 12:42 PM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016


Trading with "Communist" the DT Cuban Contingent are going to be Pissed!




Written by: Atabey, 9 Apr 2013 1:49 PM
From: United States, Bring DT Forum Back--

The top, medium and small Western states have been doing GREAT business with Big China since the 1970s!

Outside of maintaining an OLD traditional diplomatic posture that grows staler by the year, the rational political position is to CHANGE THE POLICY. FRIENDS ARE OK, BUT national interests TRUMP SENTIMENTAL ATTACHMENTS to stale policies that have LONG AGO lost their real relevance.

This policy has set us back with lost ground to all those countries that have made the move, like Costa Rica!

I believe Costa Rica has already signed a free trade Deal with China. Chinese language schools have been started. All these links will help Costa Rica garner better outcomes than the DR.

Written by: josean, 9 Apr 2013 4:37 PM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016


Look at this way is all about sales.

With a BILLION plus on the Mainland the Narco PLD will have more customers to sell VISAS to!


Written by: MrThelmoAlmeydaRancier, 9 Apr 2013 9:33 PM
From: United States, NJ
Atabay has a good point on this !
Written by: rokete, 10 Apr 2013 1:08 AM
From: Dominican Republic, (((( DEPORT THE HAITIAN ILLEGALS AND THEIR ILLEGAL OFFSPRING !! ))) ............... (((((((((( ELECTRIC FENCE AT THE BORDER !!! ))))))))))

Lets get this done!!!

Mainland China is one of the worlds most important trade partner to have.
Written by: MrThelmoAlmeydaRancier, 10 Apr 2013 6:43 PM
From: United States, NJ
Agree it is long overdue to eliminate the middle person USA and deal directly with CHINA .Either

way we are gettingt cheap products but not as USA prices by eliminating the middle person.Most

all LA countries are dealing with ASIA directly what is to stop us from doing the same.All Latin

American countries on the Pacific side of North,Central and South American continents are

doing business with China bilateraly. Maybe we could dump the Mexican unilateral

communication monopoly specially the cell communication system with a Chinese system at

lower cost and equipment. We could sale China raw material in exchanged of manufactured

goods, same as to Europe. As I see Mr slim only does one way deal. Mexico does not provide us

a fare two way market . We should buy from those that buy from us. The same applies to Brazil,

We have invested millions on air plane ,dams,Metro while Brazil has purchased nothing from us.
Written by: rokete, 10 Apr 2013 10:00 PM
From: Dominican Republic, (((( DEPORT THE HAITIAN ILLEGALS AND THEIR ILLEGAL OFFSPRING !! ))) ............... (((((((((( ELECTRIC FENCE AT THE BORDER !!! ))))))))))

Agreed Thelmo,

It cannot continue to be a one way street with Mexico and Brezil.

With China, we need direct contact, to avoid paying the extra buck to the middle man.
Written by: Atabey, 11 Apr 2013 2:40 PM
From: United States, Bring DT Forum Back--

law 158-01 incentive for tourism development in areas with great potential, with exemptions tax for 10 years, and the law establishing 150-97 zero for inputs, equipment and machinery for production of agricultural projects.

He stressed the importance that has claimed trade with China, it is the most dynamic in Asia is already the third trade in Dominican Republic after North America and Europe, reports the Communications Unit of the Ministry of Economy.

He said that in the past three years imports from China accounted for 10.4% of total imports, surpassing those from Venezuela and Mexico, while sales Dominicans, from U.S. $ 586.7 million were exported to Asia in 2012, 60.6 % went to China, which ranks as the third largest trading partner in terms of exports.

"In the area of ??the Caribbean, Dominican Republic, after Cuba, the second largest trading partner of China. In 2011, bilateral trade was U.S. $ 1259.8 million, according to calculation, ranking behind in Cuba,
Written by: Atabey, 11 Apr 2013 2:40 PM
From: United States, Bring DT Forum Back--

Economics and Business April 11, 2013


VISIT

Montas raised in China how to invest in RD


Beijing, China
The Minister of Economy, Planning and Development identified here a number of potential areas for Chinese investment in the Dominican Republic to ensure legal certainty and a package of incentives granted even national treatment to foreign investment.

Themistocles quoted Montas, equally, granting special treatment to companies that are established along the border with neighboring Haiti by Law 28-01.

Montas, who is in the Chinese capital since last Sunday at the head of an official delegation of the Dominican government, is accompanied by Senator Charlie Mariotti and official representative of the Dominican Republic Trade Office in Beijing, Rosa Ng.

Other incentives mentioned by Montás the Law 8-90 provides Free Zone, which provides special customs and tax regimes for the production of goods and services; law 158-01 incentive for tourism development
Written by: Atabey, 11 Apr 2013 2:41 PM
From: United States, Bring DT Forum Back--

law 158-01 incentive for tourism development in areas with great potential, with exemptions tax for 10 years, and the law establishing 150-97 zero for inputs, equipment and machinery for production of agricultural projects.

He stressed the importance that has claimed trade with China, it is the most dynamic in Asia is already the third trade in Dominican Republic after North America and Europe, reports the Communications Unit of the Ministry of Economy.

He said that in the past three years imports from China accounted for 10.4% of total imports, surpassing those from Venezuela and Mexico, while sales Dominicans, from U.S. $ 586.7 million were exported to Asia in 2012, 60.6 % went to China, which ranks as the third largest trading partner in terms of exports.

"In the area of ??the Caribbean, Dominican Republic, after Cuba, the second largest trading partner of China. In 2011, bilateral trade was U.S. $ 1259.8 million, according to calculation, ranking behind in Cuba,
Written by: Atabey, 11 Apr 2013 2:45 PM
From: United States, Bring DT Forum Back--

"In the area of the Caribbean, Dominican Republic, after Cuba, is the second largest trading partner of China. In 2011, bilateral trade was U.S. $ 1259.8 million, according to calculation, ranking behind in Cuba, which was U.S. $ 1947.6 million, "he said.

However, the official noted the trend, "while trade with Cuba was reduced from U.S. $ 2286.2 million in 2007, China's trade with the Dominican Republic had doubled in the same period, for in 2007 trade amounted to $ 639.9 million. "


We need to accelerate and make up for lots of lost time and investments. No reason why DR and China shouldn't be doing more business, lots more. That 3 billion tourist complex that China is investing in perhaps might have happened in DR instead.

DR is open for business.




Export or Die!



Written by: josean, 11 Apr 2013 4:23 PM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016


New Players but maybe the same old game?


Wikileaks: US says DR diplomat in Hong Kong enriched with human trafficking

Read at:
acento.com.do/index.php/news/6031/56/Wikileaks-EEUU-dice-diplomatica-RD-en-Hong-Kong-enriquecio-con-trafico-humano.html

“A Dominican diplomat in Hong Kong, Casado Alcántara de Cheung, is accused of human trafficking in a diplomatic cable obtained by WikiLeaks and made public by Noticias SIN.

Cheung is accused of having sold Dominican visas for approximately $10,000, which reportedly allowed between four to twenty individuals of Chinese nationality into the Dominican Republic each week.

Upon their arrival in the country, a large number of females is said to have been trafficked as ‘lovers’ to men of the Dominican elite.”

wlcentral.org/node/2141

continued:

Written by: josean, 11 Apr 2013 4:24 PM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016


Wikileaks: Diplomat that U.S. Accused of corruption was a leader in promoting re-election of Leonel

Teonilde Casado Alcántara de Cheung was the leader of the movement "Only Way with Leonel" with a view to 2012 a reelection bid

The Dominican representative in the Commercial Office in Hong Kong, Teonilde Casado Alcántara de Cheung, was denounced as corrupt by the U.S. Embassy in Santo Domingo via the cable number 115330 of July 13, 2007, because she was involved in trafficking people, led a group that advocated the reelection of President Leonel Fernandez to 2012.

Read the rest at Acento.com

Wikileaks: Acusada de corrupción por EEUU promovía reelección de Leonel Fernandez




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