The Chamber of Deputies has passed the bill that modifies several items in the Industrial Competitiveness and Innovation Law 392-07. The bill now moves to the Executive Branch for signing into law and publication.
The bill improves the institutional framework for enhancing the competitiveness of the manufacturing industry. It also provides incentives for linkages both domestically and internationally as well as introducing new measures for encouraging exports.
Dominican Republic Industries Association president Ligia Bonetti has highlighted that the manufacturing base has dropped 10 percentage points since 2007 and is now at a weak 12% of GDP. Bonetti has consistently advocated for improvements to government industrial policy.
http://www.listindiario.com/economia-and-negocios/2014/11/25/346722/Creen-vital-la-politica-industrial
http://www.listindiario.com/la-republica/2014/11/25/346702/Diputados-convierten-en-Ley-proyecto-sobre-Competitividad-e-Innovacion
http://www.portalindustrial.net/index.php/novedades/alertas/374-poder-ejecutivo-somete-proyecto-que-modifica-ley-pro-industria