2022 Annual Results Report

COOPERATION THAT COUNTS

Strengthening the economic and commercial cooperation between Haiti and the Dominican Republic lays at the heart of the Haiti – Dominican Republic Binational Programme currently being implemented by the Agency. It is only through the enhanced cooperation between the two countries that will engender a reduction in the current historical trade imbalances and further inclusion into regional and global value chains, contributing the alleviation of poverty.

The programme aims to achieve this ultimate goal by satisfying specific objectives:

• To nurture the development of economic and commercial cooperation between the nations through the use of agreements that benefit both parties. • To support initiatives which focus on the local development and sustainable resources of both countries. • To strengthen the capacities of invested public institutions and private sector entities in their efforts to create a favourable environment for trade and commerce between the two nations. Trade between the two countries was estimated to be approximately US$820million in 2019 and has increased by 25% to approximately US$1,028million in 2022 according to ProDominicana, the trade and investment promotion agency of the Dominican Republic. STRONGER TOGETHER Collaboration between the public and private sector is at the core of what the Binational Programme seeks to achieve in Haiti and the Dominican Republic. Such has been the experience of the work to harmonise product quality norms between both countries, namely in the cocoa, cosmetics and handicraft sectors. These government organizations have been able to work alongside each other and have even developed a joint technological platform that fosters communication and information sharing. Throughout 2022, enabling private sector dialogue was at the centre of the Binational Programme’s activities. With the strategic support of Haitian and Dominican business support organizations, the Agency has been able to implement initiatives that continue to yield results. In June 2022, the first Private Sector Dialogue in Port-au-Prince was convened with participation of

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Annual Results Report - 2022 | Transforming to a Greener, Smarter, Resilient Caribbean