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Shanghai, People's Republic of China.-
The government has secured US $ 600 million in funding from China to improve the electricity distribution system and reduce losses, including by correcting the vulnerability.
The information was provided during a meeting with the press of President Danilo Medina and the ministers who accompanied him during this first state visit to China, after the formalization of bilateral relations in May. latest.
In this scenario, the Dominican authorities have described as satisfactory the results of the first visit of President Medina to this country.
Government-government funding has been secured through the Bank Exim Bank, which is expected to be ratified by Congress. This financing will be realized at a preferential rate of 2 to 3%. Rubén Bichara, Executive Vice President of the CDEEE, explained that it was essential to strengthen the distribution system to mitigate the current 28% loss.
At the same time, President Medina declared that a free trade agreement with China had not yet been considered, after having specified that this aspect should be the subject of in-depth discussions with national productive sectors. Shanghai, People's Republic of China. Alerted about this that the Chinese produce very cheaply.
Declaration of Medina and officials. President Medina's official visit to the People's Republic of China has met and exceeded all the goals we set for mutual cooperation and opportunity creation.
We can say that this trip marks a before and after, not only because of the historical importance of the official opening of the diplomatic relations between the two countries, but also of what this mutual cooperation relationship will bring, in terms of economic dynamism and the creation of relationships of trust. opportunities for our country.
I would like to take this opportunity to thank all the media that have accompanied us and who have been able to directly and transparently inform the entire Dominican population.
Following meetings with President Xi Jingping and Chinese Premier Li Keqiang, a total of 18 MOUs were signed on many issues of interest to the country.
List of chords:
1) Abolition of visas: official and diplomatic passports will not need a visa to enter the Dominican Republic or China.
2) Strip and Road: The Dominican Republic adheres to the initiative of the Chinese government Strip and Road, which encourages investment in infrastructure and connectivity.
3) Joint Commission: A joint Dominican-Chinese commission is established, coordinated by MIREX, to have officials from both countries meet periodically to explore opportunities to improve foreign trade and investment.
4) Support for the promotion of international trade and investment.
5) Civil aviation: agreement to accept aviation standards and technical problems.
6) Training of human resources: help to the formation of Dominicans.
7) Tourism: agreement for a greater flow of Chinese tourists to the Dominican Republic.
8) Bursaries and training of human resources: annual scholarships of mastery and doctorate.
9) Sport exchange: support for sports development, technical assistance, friendly matches.
10) Chinese Development Bank: credit facilities for priority projects of the Dominican Government.
11) EXIM Bank: EXIM Bank will grant preferential financing to the Dominican Government under favorable financial conditions.
12) SINOSURE: Credit insurance for loans from Chinese financial entities to Dominican projects.
13) Infrastructure: technical assistance for infrastructure development in the country.
14) Special economic zones: support for the development of special economic zones.
15) Tobacco Protocol: Facilities for the Export of Dominican Tobacco in China.
16) Phytosanitary and animal health measures: China's support for compliance with export standards to China.
17) Support for the 911 system: Support from the Tsingua University Public Security Research Center to strengthen the 911 system in the Dominican Republic.
18) Diplomatic training: support between diplomatic training schools for the exchange of experiences, best practices and technical assistance.
The full agreements will be available on the website of the Ministry of Foreign Affairs.
It should be noted that the Tourism Agreement seeks to lay the groundwork for increasing the number of Chinese tourists to the Dominican Republic, for which the Chinese Government will compile a list of tour operators authorized to organize group tours . For its part, the Dominican Republic will strive to create the necessary conditions for the safety and enjoyment of Chinese tourists during their stay.
Previously, the Chinese government had declared the country as an approved tourist destination, which is of great importance because China is the largest tourist emitter in the world, with more than 130 million tourists who left China in 2017. This number continues to increase each year by about 10 million people over the next decade.
On the other hand, the Chinese government has agreed on a set of human resources training programs in a variety of modalities, ranging from short courses to master's programs, including doctorates, in the areas of most interesting of the country.
At the same time, the Chinese Government and the Dominican Government have decided to look for mechanisms to strengthen Mandarin schools in the Dominican Republic in order to strengthen and deepen relations between our peoples.
These meetings also approved a social impact cooperation program for the next three years, under which the Chinese government will support strategic projects such as the 911 emergency and security assistance system and the 39, other priority development programs for the Dominican Republic.
In addition, a key project for the competitiveness of the country and the well-being of Dominican families, namely the improvement of the distribution of electricity, has progressed.
We are pleased to report that progress has already been made in a government-to-government agreement to fund, at a preferential rate of between 2% and 3%, the heavy investment necessary to achieve our goal of substantially reducing losses. in the distribution network. of the electrical system.
Remember that achieving this goal will mean saving more than $ 100 million a year for the country, in addition to dramatically improving electrical service for the entire population.
During the various meetings, Chinese leaders showed great interest in the Dominican Republic, both politically and economically and socially.
Assembly Speaker Li Zhanshu praised the achievements of the Dominican Republic in recent years, particularly in the area of poverty alleviation, to the point that he called the "Dominican miracle" of success. economic development with social justice.
The second leg of the trip, which took us to Shanghai, was devoted to the promotion of Dominican products and services in the People's Republic of China, through our participation in the first fair of import and export , to which more are present. from 100 countries around the world.
China wants. The Chinese market has shown great interest in Dominican products, including cigars, cocoa, rum, avocado and other tropical fruits, as well as for our tourism sector and the development of our products. free trade zones.
Through the agreement on sanitary and phytosanitary measures, we have taken a big step forward to speed up the entry of domestic products into the Chinese market because it allows governments to mutually adapt to respective standards and to maintain quality standards for consumers. the two countries.
In addition, a specific protocol has been signed for the export of Dominican tobacco to China, which will facilitate the rapid expansion of handmade cigar exports.
In addition, during the dinner given yesterday by the Dominican government, attended by about 200 potential Chinese investors, as well as Dominican entrepreneurs, many contacts have allowed us to be very optimistic about the arrival of the Dominican Republic. 39, Chinese investments in our country.
These investments will enable us to continue transforming and strengthening the Dominican productive system and to further integrate into the global value chain. It is a very important way for our export growth to continue in a sustainable and sustainable way, contributing to the creation of jobs and better living standards for all Dominicans.
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