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Blog Category: Dominican Republic

Secretary Locke Wraps up Fourth Annual Americas Competitiveness Forum in Atlanta

Locke announces 2011 Forum in the Dominican Republic

ACF leaders with Secretary Locke for group photoU.S. Commerce Secretary Gary Locke concluded the Fourth Americas Competitiveness Forum (ACF) in Atlanta today, wrapping up two days of discussions with public and private sector leaders from 34 Western Hemisphere nations. The Forum was concluded with the announcement that the Fifth Annual ACF will be held in the Dominican Republic in October 2011.

"As our economy continues to grow, events like the ACF provide excellent opportunities for the business community to showcase new ideas and technologies, explore new markets, and uncover future opportunities for economic growth and job creation," Locke said. “We hope that the hundreds of public and private sector leaders here will leave with new ideas to foster programs, policies, and partnerships that will improve the economic prosperity of our individual countries and ensure a brighter future for all the people of the region.”

This year’s ACF brought together business leaders and policy makers from 34 Western Hemisphere nations to share best practices for enhancing the competitiveness, innovation, and prosperity of the region. Full release

Commerce's Carribean Trade Mission Yields Positive Results for U.S. Firms

Dominican Republic and Jamaica offer small- and medium-sized companies opportunity

Wrapping up the administration’s first trade mission to the Caribbean, Commerce Department senior adviser and Deputy Chief of Staff Rick Wade stressed that geographical proximity and shared historical and cultural ties make the Dominican Republic and Jamaica prime destinations for U.S. goods and services. Wade led a 10-company U.S. trade mission to the region to promote export opportunities June 13-19.

“In today’s global marketplace, it is critical for companies to establish alliances with partners in other markets in order to be competitive,” Wade said. “Because of its close proximity and a favorable trading relationship over time, the Caribbean is a natural area for U.S. firms to explore new export opportunities that will result in more jobs for American workers.”

The United States is the primary trading partner for both countries. In 2009, U.S. exports to the Dominican Republic and Jamaica totaled $5.27 billion and $1.45 billion, respectively.  Read more  Upcoming trade missions

Senior Commerce Official Wade to Lead Trade Mission to Dominican Republic and Jamaica

Rick Wade, senior adviser and deputy chief of staff to U.S. Commerce Secretary Gary Locke, will lead a delegation of 10 small- and medium-sized U.S. businesses on a trade mission to Santa Domingo, Dominican Republic, and Kingston, Jamaica, June 13-19 to promote U.S. exports in the Caribbean.

The trade mission will give participating U.S. companies the opportunity to meet with potential business partners and network with key Dominican and Jamaican government and industry officials. The business delegation will promote U.S. products and services in a range of consumer goods, construction and automotive sectors with foreign buyers and governments.

Trade missions are an important component to achieving the goals of President Obama’s National Export Initiative, which aims to double U.S. exports within five years to support the creation of two million jobs. This mission will help open doors for U.S. firms interested in entering or expanding their presence in the Caribbean region. Read more