The Foreign Investment Law, expected to be a strong support to economic reform in the country, which was approved more than a year ago, could finally go into effect. The president of the Asociación de Empresas de Inversión Extranjera told the press last week that work is advancing on the merging of the rulings suggested by the Central Bank with the one suggested by his organization.
He said the rulings would be consolidated and expected to be a strong support to economic reform in the country, and what was approved more than a year ago, could finally go into effect. He explained that the main difference between the two is the treatment of remittances of profits and dividends.
Mr Frías suggested that the government reactivate the Consejo Promotor de Inversiones to help attract foreign investment. He said that Asiex is willing to undertake the role of promoter of new foreign investment. “We understand that in the country there are all conditions necessary for an investor to favor the D.R.,” he said.
He also mentioned the advantages the country has in extensive maritime and air transportation facilities as well as large available tracts of land. He says the country has to take advantage of the fact that investment in Latin America is increasing, according to world statistics.