Challenges for 2008

Business groups say the sector’s biggest challenge in 2008 is the correct implementation of the Competitiveness Law and to find ways so that local industries can benefit from the free trade agreements signed with the United States and Europe in 2007. Representatives from the Association of Dominican Industries (AIRD), Herrera Industries (AIEH) and the Federation of Industrial Associations (FAI) expressed confidence that the 2008 presidential elections will not affect the country’s plans to increase competitiveness. According to Jesus Moreno, president of AIEH, while the economy grew in 2007, the industrial sector has lost competitiveness. He feels the implementation of the new law can contribute significantly to improving industrial competitiveness in 2008.