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JUMORE Chairman meets with Dominica’s Minister of Economy

  • Source: JUMORE
  • Jun.20,2018

On June 13th, 2018, Lu Hongxiang, Chairman of JUMORE, was invited to participate in the welcome banquet hosted for Mr. Santana, Dominica’s Minister of Economy, by the Dominican Embassy in China. They conducted in-depth discussion on topics such as commodity trade, e-commerce development, and free trade zone cooperation.


JUMORE Chairman meets with Dominica’s Minister of Economy

The Dominican Republic is the largest economy in the Caribbean region. In recent years, its economy has maintained a rapid growth of about 6%, taking the lead in the Latin American countries. Dominica has abundant mineral, agricultural, forestry and tourism resources and has established more than 60 tariff-free zones nationwide. Nearly 700 companies operate in the these zones. On May 1 this year, the Dominican Republic and China formally established diplomatic relations. China has become Dominica's second largest source of imported goods, and Dominica is China’s second largest trading partner in the Caribbean region. Broad basis of cooperation bestows broad prospects on bilateral economic and trade cooperation.

During the meeting, Chairman Lu Hongxiang briefed the Minister on the current development of JUMORE and expressed his willingness to actively play the role of a bridge, and help more Dominican companies to connect with Chinese market and the global market, promote mutually beneficial cooperation between the two sides, and the economic and trade development of the two countries. Minister Santana spoke highly of the sophisticated model of JUMORE featuring interaction of the whole industrial chain, and he believed that JUMORE provides a good platform for Chinese and Dominican enterprises and even countries to cooperate, and he was willing to support Dominica’s business associations and enterprises to connect with JUMORE and promote bilateral economic and trade cooperation, thereby achieving mutual benefit and win-win results.

During the meeting, Lu Hongxiang also had cordial exchanges with ambassadors of Panama, Cuba, and Costa Rica to China, the head of the Mexico Chamber of Commerce in China, and other guests from the Dominican government delegation, which further promoted cooperation between JUMORE and the aforementioned countries.