In a significant move towards bolstering supply chain resilience and competitiveness, key stakeholders from the United States and the Alliance for Development in Democracy (ADD) countries convened in Punta Cana, the Dominican Republic, on March 12.
Under Secretary of State for Economic Growth, Energy, and the Environment, Jose W. Fernandez, joined forces with His Excellency Luis Abinader Corona, President of the Dominican Republic, and representatives from Costa Rica, Ecuador, and Panama. Together, they spearheaded discussions alongside private sector entities and governmental and international organizations at the U.S.-ADD Joint Consultative Dialogue on Supply Chain Partnerships.
This pivotal meeting stems from a memorandum of understanding inked in 2022 between the United States and ADD countries, underscoring their shared commitment to fortify supply chains and enhance competitiveness.
Central to the deliberations was the development of implementation plans based on recommendations outlined in studies by the Inter-American Development Bank (IDB) focusing on health sector supply chains and medical product regulatory convergence across ADD countries. Notably, stakeholders explored actionable strategies tailored to the medical devices and pharmaceutical sectors, aimed at bolstering regional supply chain resilience.
The gathering featured insightful presentations from the ADD Business Council, the Americas Business Dialogue Health Working Group, and esteemed representatives from the U.S. Food and Drug Administration, the IDB, Americas RISE, and the World Bank.
Partners reaffirmed their dedication to fostering collaborative frameworks among democratic nations, with a shared objective of enhancing the investment climate and improving the quality of life for citizens.
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