Dominican Republic and Germany Sign a Mutual Investment Protection Agreement

Dominican Republic and Germany Sign a Mutual Investment Protection Agreement
The Dominican Republic and Germany signed a mutual protection agreement that covers investments in both countries. The announcement was made during an official visit to Germany by President Fernández.

Chancellor Merkel said as soon as the agreement is signed, it will promote investors in the areas of energy to evaluate the numerous opportunities available in the Dominican Republic, mainly in the area of wind farms and other forms of non-polluting energy.

German Chancellor Angel Merkel said that this is a transcendental agreement because it will provide major guarantees to those who wish to make investments in the Dominican Republic and vice-versa, according to the President’s Office of Information, Press and Publicity. 

Upon the announcement of the signing, President Fernández said the Dominican Republic has a great deal of interest in encouraging investment in the DR especially in the area of generating clean and non-conventional energy.

Chancellor Merkel said as soon as the agreement is signed, it will promote investors in the areas of energy to evaluate the numerous opportunities available in the Dominican Republic, mainly in the area of wind farms and other forms of non-polluting energy.

The agreement was announced at a press conference given by Fernández and Merkel after their meeting in the German government headquarters.
In the morning President Fernández visited the Hasso Plattner Institute for high technology in Potsdm where he had a good look at and received some explanation about the most modern software being designed by security and educational programs today.

President Fernández was hosted by the Institute Director, Christopher Meiner.

The Dominican President was deeply interested in the virtual education aspects which the Institute develops with other countries around the world.