Rethinking the Haitian ban on Dominican exports
Writing in El Dia today, Friday 21 June, the executive director of the National Competitiveness Council (CNC) Andres Vanderhorst recommends that Dominican companies set up operations in Haiti to get around local taxation and trade obstacles.
The CNC director says the DR needs to diversify its source markets. He said the DR has become too dependent on the US and Haiti and that the 11 million inhabitants of Haiti need to be seen as a big opportunity for Dominican companies.
Vanderhorst added that Haiti is aware that it has a large domestic market and is creating local companies with foreign investment. It is also closing its doors to imports.
"If we want to eat part of the Haiti cake and its growth, then we have to be proactive and start going international, by opening new plants in Haiti," he writes. Some Dominican companies are already doing this. "This way we will create jobs for people who will not have to come here to beg, we will move capital from offshore banks to productive areas and we will help improve their living conditions while generating wealth," he adds.
He expressed hope that maybe in 30 years a free trade agreement can be signed with Haiti. He said that the Haitians oppose the TLC now, the same way Dominican industries oppose the country signing an agreement with Colombia.
Some companies are already setting up shop in Haiti to get around the local industrial sector opposition to taxation privileges for companies set up in border provinces. Their output will re-enter the Dominican Republic for local sales as an export from Haiti.
Van Der Horst plantea empresas de RD piensen instalarse en Hait? - ElDia.com.do
Source: Dominican Republic News & Travel Information Service
I think Vanderhorst needs to cut down on the Brugal if he thinks that the solution would be for Dominicans to cross into Haiti and set up shops to avoid the taxes imposed by The Haitian gov on Dominican exports. It takes a Dominican gambling businessman to do such a thing, especially to invest in a country that has been in a downtrend of instability since day one as a country.
I think that they would have better luck at using that money in Las Vegas instead.
Writing in El Dia today, Friday 21 June, the executive director of the National Competitiveness Council (CNC) Andres Vanderhorst recommends that Dominican companies set up operations in Haiti to get around local taxation and trade obstacles.
The CNC director says the DR needs to diversify its source markets. He said the DR has become too dependent on the US and Haiti and that the 11 million inhabitants of Haiti need to be seen as a big opportunity for Dominican companies.
Vanderhorst added that Haiti is aware that it has a large domestic market and is creating local companies with foreign investment. It is also closing its doors to imports.
"If we want to eat part of the Haiti cake and its growth, then we have to be proactive and start going international, by opening new plants in Haiti," he writes. Some Dominican companies are already doing this. "This way we will create jobs for people who will not have to come here to beg, we will move capital from offshore banks to productive areas and we will help improve their living conditions while generating wealth," he adds.
He expressed hope that maybe in 30 years a free trade agreement can be signed with Haiti. He said that the Haitians oppose the TLC now, the same way Dominican industries oppose the country signing an agreement with Colombia.
Some companies are already setting up shop in Haiti to get around the local industrial sector opposition to taxation privileges for companies set up in border provinces. Their output will re-enter the Dominican Republic for local sales as an export from Haiti.
Van Der Horst plantea empresas de RD piensen instalarse en Hait? - ElDia.com.do
Source: Dominican Republic News & Travel Information Service
I think Vanderhorst needs to cut down on the Brugal if he thinks that the solution would be for Dominicans to cross into Haiti and set up shops to avoid the taxes imposed by The Haitian gov on Dominican exports. It takes a Dominican gambling businessman to do such a thing, especially to invest in a country that has been in a downtrend of instability since day one as a country.
I think that they would have better luck at using that money in Las Vegas instead.