Public, private sectors plot moves to shield the Dominican economy

Several business and industry groups as well as government agencies today agreed to join efforts to and form discussion groups among other actions to spur exports, create jobs and generate currencies to secure economic growth.

The associations Industries (AIRD), Exporters (ADOEXPO), Free Zones (ADOZONA) and the Agribusiness Board (JAD); as well as representatives of the country’s productive and exporting sector; and officials of the ministries of Industry and Commerce and Agriculture, the Export and Investment Center of Dominican Republic (CEI-RD), the councils on Export Free Zones (CNZFE), on Competitiveness and PROINDUSTRIA, an related sectors.

“Given that exports promotion is indispensable to maintain Dominican Republic’s development, a strategic and action plan will be established with short, medium and long term measures to eliminate the hurdles that affect the productive sectors’s competitiveness,” said the joint document.

The entities will also form work tables integrated by representatives of the public and private sector, “to identify and work in the application and pursuit of measures of consensus that respond to the common interest, to improve the productive sectors; competitiveness and promote exports.”

They also pledged to assume, within the agreed work tables, action in the areas of electrical supply, access to credit, land cargo transport, equal treatment for exports, the labor market, competitive macroeconomic environs and international promotion our exportable offer, “among others measures that will allow us to capitalize on the opportunities expected from a strategically located country, with creative and qualified human resources and committed to their work.”