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Dominican Republic targets CIS markets for commerce diversification

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Dominican Republic targets CIS markets for commerce diversification

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Dominican Republic’s ambassador to Moscow, Hans Dannenberg Castellanos, has shared throughout an interview with Sputnik plans for the nation to develop its buying and selling horizons by tapping into Commonwealth of Impartial States (CIS) markets.

The technique focuses on strengthening ties with potential consumers and offering alternatives to Dominican exporters amidst the present problems in international commerce.

The nation is actively selling markets in Armenia, Belarus, Kazakhstan, and Uzbekistan, beforehand ignored as a result of Russia’s dominance within the CIS.

Hans Dannenberg Castellanos. (Photo Internet reproduction)
Hans Dannenberg Castellanos. (Picture Web replica)

Castellanos expressed optimism, believing in turning challenges into alternatives and specializing in innovation to beat buying and selling obstacles.

Massive Dominican firms within the rum and occasional sector have been reconsidering their methods relating to the Russian market.

This shift has opened doorways for smaller, quality-focused espresso producers to determine commerce with Russia.

To maintain commerce circulate, the ambassador emphasised the significance of discovering inventive options, resembling using third-party nations for transactions that may’t be processed from Russia.

Non-sanctioned Dominican merchandise, resembling espresso, avocados, mangoes, and pineapples, have potential markets in Armenia, Kazakhstan, Serbia, and Russia.

All that’s required are different logistical and cost strategies.

When requested in regards to the Ukraine battle, Castellanos instructed that Brazil, a BRICS group founding member and vital Latin American nation, might mediate in direction of a peaceable decision.

The Dominican Republic can be liaising with Uzbekistan labs and Belarusian pharmaceutical firms to import high-quality, cost-effective medicines.

Regardless of being primarily concerned with high-cost medication, the nation stays open to all alternatives.

Plans to extend the finances for the Important Medicines Program and the Central Logistics Assist (Promese/CAL) are in place to make sure an enough provide to nationwide public medical facilities.

With info from Sputnik

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