Business organisations from the Dominican Republic and Jamaica sign historic Memorandum of Understanding

The Private Sector Organisation of Jamaica (PSOJ) and the Consejo Nacional de la Empresa Privada [National Council of Private Enterprise] (Conep) signed a Memorandum of Understanding on Thursday (March 30) to promote investment and commercial development.

One of the main objectives of this memorandum is to promote the exchange of knowledge, develop commercial and investment relationships, and improve the environment for the private sector to increase cooperation and trade between both countries.

The memorandum was signed by Conep’s President, Celso Juan Marranzini, and PSOJ’s President, Metry Seaga, at the Consejo Nacional de la Empresa Privada headquarters.

“We are confident that this alliance will generate great benefits for both nations, promoting investment, trade, and job creation in our countries,” Marranzini highlighted during the signing of the memorandum.

Seaga, meanwhile, emphasised that reaching this historic agreement is a fundamental step in strengthening commercial and economic relations between the Dominican Republic and Jamaica. “We are too close, too similar, and good friends,” Seaga added.

Cesar Dargam, Conep’s executive vice president, pointed out that this is the first MOU signed with another Caribbean organisation.

“This will help strengthen commercial and investment relationships between the Dominican Republic and Jamaica,” said Dargam.

The Dominican ambassador to Jamaica, Angi Martinez, expressed that the agreement is a testimony to the strength, resilience, and commitment of the private sector of both countries to work together. Meanwhile, Jamaica’s Minister of Industry, Investment and Commerce, Aubyn Hill, stated that the agreement fosters bilateral relations.

The parties agreed that, within the framework of this agreement, they would comply with all applicable laws and regulations and respect standards of conduct, reflecting Conep and PSOJ’s commitment to act ethically and responsibly in all their activities for a fair and sustainable business environment.