According to the Dominican Minister of Industry, Commerce and SMEs, Yayo Sanz Lovatón, the Dominican Republic has the necessary economic and institutional conditions to transition from a middle-income economy to a higher level of development, thanks to investment and increased competition, as reported in the November 12, 2026 edition of Dominican Today.<\/p>

Speaking at the "Competition Week 2026", Mr. Sanz Lovatón emphasized that fair and transparent markets are essential to support the country's long-term growth and attract new investments.<\/p>

To support his statements, the minister highlighted the recent performance of the Dominican economy, pointing out that while Latin America shows growth of about 2%, the Dominican Republic is experiencing an expansion exceeding 4% of its GDP. Foreign direct investment has also reached a record level of 5 billion US dollars, a figure that the country aims to surpass.<\/p>

Yayo Sanz Lovatón specified that these results are even more remarkable in the context of global geopolitical tensions, rising energy prices, and the regional situation related to Haiti; factors that, according to him, have highlighted the economic resilience and institutional stability of the country.<\/p>

The minister also took the opportunity to praise the cooperation between the government and the agency ProCompetencia, led by María Elena Vázquez Taveras, aimed at strengthening fair competition, protecting consumers and businesses, and establishing a more modern investment-friendly environment.<\/p>

He added that the adoption of international best practices would allow Congress and the judiciary to consolidate the national regulatory framework and foster a more competitive entrepreneurial ecosystem.<\/p>

"There is a virtuous circle for doing business, creating companies, and working in the Dominican Republic. It is time to believe in our country and invest in it," concluded Mr. Sanz Lovatón.<\/p>

Source: Dominican Today<\/p>