President Luis Abinader addressed the audience of Forecast on the America and the Caribbean (FOLAC) and motivated US investors to relocate their manufacturing to the Dominican Republic. He said investors can take advantage of the country’s strategic geographic location and trade agreements that are already in place. In his presentation, as part of activities for the 28th Dominican Week organized by the American Chamber of Commerce (AmCham), President Abinader highlighted the advantages the country offers for nearshore production.
President Abinader also spoke of the gradual recovery from the Covid-19 health and economic crisis. He highlighted actions to cut red tape to position the country as a regional logistics hub and attract more direct foreign investment.
He told the audience that this is the time to invest in the Dominican Republic. He said his government is focusing on improving its competitiveness and strengthening relations with the United States, the Dominican Republic’s leading commercial partner.
He said his administration would soon submit a bill for “zero red tape” to Congress to expedite doing business. Likewise, the Abinader administration is championing Public-Private Partnerships in the Dominican Republic. He mentioned the newly created Financial Development Corporation (FDC) with US$2 billion in funding for the energy, tourism, infrastructure, free zone and medium-sized businesses in the country.
President Abinader was a speaker in the Foundations for Growth: Rule of Law & Digital Transformation two-hour virtual meeting on 22 October. The US Chamber of Commerce organizes FOLAC.
For over five decades, AACCLA’s “Forecast” conference has brought together business leaders from across the Americas to the US Chamber of Commerce headquarters in Washington. This year, the conference was online.
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El Caribe
Listin Diario
22 October 2020