Bisonó promotes Dominican free trade zones to Spanish investors

The Dominican Republic’s free trade zone model has been hailed as one of the most robust and dynamic in the region, with exports projected to hit US$8.6 billion by the end of 2024, according to Víctor Bisonó, the Minister of Industry, Commerce, and MSMEs. The sector has already generated over 198,000 direct jobs and 450,000 indirect jobs, contributing 3.1% to the national GDP in the previous year. In the first eight months of 2025 alone, exports surpassed US$5.7 billion, underscoring the country’s growing economic momentum. Bisonó shared these insights during his presentation, ‘Advanced Manufacturing Ecosystem in the Dominican Republic,’ held at the Mapfre Foundation as part of Dominican Week in Spain. He emphasized the nation’s transformation into a regional hub for innovation, logistics, and skilled talent, attracting 49 new companies this year. These additions expand the network of 97 industrial parks across diverse sectors, including electronics, pharmaceuticals, premium tobacco, textiles, jewelry, and medical devices. The latter sector boasts world-class firms such as Baxter, Jabil, B. Braun, and Cardinal Health. Bisonó also spotlighted the National Semiconductor Strategy (Decree 324-24), which aims to integrate the Dominican Republic into global microelectronics value chains. Citing the Information Technology and Innovation Foundation (ITIF), he noted the country’s potential to produce printed circuit boards and test components, positioning it as a trusted partner for the United States in advanced manufacturing. Inviting Spanish investors to collaborate, Bisonó described the Dominican Republic as a nation that ‘produces, innovates with purpose, and exports with identity,’ supported by legal stability, robust logistics, and a highly skilled workforce.