CABEI promotes trade facilitation and investment promotion in the SICA region
By: CABEI News
CABEI dedicates its efforts to supporting sectors such as productive infrastructure, renewable energy and human development, which are very dynamic areas in the region's economy.
Santo Domingo, June 28, 2018.- In conjunction with the Central American Integration System, the Central American Bank for Economic Integration (CABEI) is organizing the Export and Investment Forum that will take place from June 28 to 29 in the Dominican Republic's capital.
The event takes place on the LI Ordinary Summit of Heads of State and Government of the Member Countries of the Central American Integration System (SICA), the ProTempore Presidency of the Dominican Republic, and the Secretary General. As the financial arm of the regional economic integration process, CABEI is committed to initiatives that contribute to strengthening regional export capacity, as well as to strengthening those aspects that have an impact on attracting and promoting investment.
The inaugural conference of the event "SICA's Export and Investment Context: Challenges, Difficulties and the Role of Multilateral Banking" was given by José de Jesús Rojas, CABEI's strategic planning and programming advisor, who spoke about the specific aspects that deserve special attention in the region, which constitute limitations to the development of foreign trade, as well as those that highlight the need to strengthen the business climate and investor confidence. In addition, he highlighted the importance of the role and focus that multilateral banking management must implement in order to become a strategic partner of the region.
He also highlighted the efforts that CABEI has made in the area of institutional modernization, which have made it possible to promote a broader concept of regional integration, which has in turn resulted in an increase in export and investment flows in the SICA region.
In this context, the Bank is convinced that the market's strength lies in integration, strategic complementarity and the creation of synergies as an economic bloc that moves in unison. The entity pays special attention to the need to expand export supply, diversify non-regional markets, deepen the level of production chains, increase opportunities for insertion and scaling up in global value chains, and improve the general framework of the business and investment climate.
All these efforts would be aimed at retaining the greatest benefits of trade in our countries and increasing the opportunities for attracting investment in sectors relevant to our economies.
CABEI is firmly committed to continuing to support initiatives with greater impact and added value that promote trade facilitation and investment promotion in the SICA area, with comprehensive and cross-cutting approaches. In addition, the Bank will continue to support initiatives aimed at promoting intra- and extra-regional trade, as well as initiatives that improve competitiveness and the business climate.
The forum brings together important authorities from the Ministry of Foreign Affairs of the Dominican Republic, as well as Ministers of Development and Trade of the Central American countries, representatives of private companies, the Chamber of Commerce, and federations of private entities of the region.