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Far reaching co-operation agreements signed between China and the Dominican Republic

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  • The creation of a mechanism for co-operation between the Export-Import Bank of China and the Ministry of Finance of the Dominican Republic which is expected to result in Chinese credits to support trade, investment and economic cooperation.
  • Strategic Cooperation between the Ministry of Finance of the Dominican Republic and the China Development Bank. The Bank, the world’s largest development finance institution, provides support for foreign investment, financing cooperation, and long-term lending.
  • An agreement on the development of human resources with China’s International Development Cooperation Agency. This is expected to provide technical assistance, training and other forms of support in order to advance strategic initiatives such as the Belt and Road programme.
  • Support for trade facilitation, economic development and increased cooperation for infrastructure development.
  • The establishment of sanitary and phytosanitary measures relating to trade in agricultural products particularly in relation to exports of tobacco leaf and tobacco products as well as rum and cacao.
  • Agricultural cooperation expected to lead to Chinese involvement in agriculture and fisheries in the Dominican Republic.
  • The establishment of the Joint Commission on Economic, Trade and Investment Cooperation.
  • The development of a plan to support education in the years 2018-2023 as well as others on cooperation in sports and baseball.
  • An agreement that will see the creation of training programmes and university level exchanges on diplomatic and consular training.
  • The facilitation of group travel by Chinese tourists to the Dominican Republic which, according to Frank Rainieri of Grupo Puntacana who travelled to China as a part of a large business delegation accompanying the President, will result in the country receiving Chinese middle-class travellers.
  • An agreement on civilian aviation covering flights between the two countries.

Published November 22, 2018

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