Close Gallery

Beautiful! Cap Cana.

Zoom Picture

Santo Domingo.- Dominican Industries Association (AIRD) president  Manuel Diez Cabral on Wednesday proposed joint efforts to convert the country into an exporter of industrialized and farm goods and services, but note that achieve it, the Government must play its regulatory role, enforce the Electricity Law and complement the offer of “beautiful landscapes” with strong industrialization.

Diez, speaking in the American Chamber of Commerce’s monthly luncheon on the topic “Industry: pillar of development and jobs,” said that the country has been exporting 5% less than 10 years ago, for which exports need to be seen in a more encompassing manner because “if we don’t do so our competitors, as the Americans say, will eat our lunch and force us to wash the dishes.”

He cited as an example the economic models of Taiwan, which has increased its exports 71%, and Korea, with 112%.

Business leaders applaud

Diez’s speech dealt with various topics and drew applause several times, such as when he rejected more taxes on businesses, when he stated that the Electricity Superintendence isn’t independent because its chief’s tenure expired two years ago, when he asked to designate a commission on unfair business practices, and when he demanded the elimination of what in his view is a monopoly in land freight transport.

Share / Recommend this article: FacebookFacebook Digg thisDigg this del.icio.usdel.icio.us TechnoratiTechnorati YahooYahoo Facebook
COMMENTS
19 comment(s)
Written by: ElProfe This user is banned, 1 Jul 2010 2:55 PM
From: Dominican Republic, Jarabacoa

Great News,

We are now going to export Black & Decker Hookers.

Rechargeable, just add more Presidente.
Written by: Blutarsky This user is banned, 1 Jul 2010 2:59 PM
From: Dominican Republic, No Spin Zone
" he demanded the elimination of what in his view is a monopoly in land freight transport. ".................Crush the Sindicatos they are thugs and thieves and start over
Written by: pleasuretour, 1 Jul 2010 3:20 PM
From: United States
Industrialize!?!?

Great but only if they'll offer to clean the inland waterways and aquafers first, produce 0% carbon emissions and provide free post secondary education to the dependents of their workers

(notice I didn't specify "children")
Written by: xwill7, 1 Jul 2010 3:33 PM
From: United States, El cuarto bate
Children are the future but most are looking for a way out of the island... DR better find a way to keep the good professionals and not continue to loose them to USA/Euro
Written by: ateo2010 This user is banned, 1 Jul 2010 3:59 PM
From: Dominican Republic, Owning Noobs
We need more factories!, factories that not only make clothing and other raw materials but cars, bikes, planes.

But as pleasuretour said, there's have to be a mayor environmental cleanup. You can't start working in your office, room or factory if nothing is clean and organize.
Written by: juanb, 1 Jul 2010 4:07 PM
From: Dominican Republic
Here's where a lot of our "beautiful landscapes" went:

New Dominican: Carlos Sanchez

President Leonel Fernandez has granted Dominican nationality to Spanish businessman Carlos Sanchez Hernandez who served time in jail in connection with the Marbella tax evasion case in Spain. Recently, the Supreme Court of Justice ruled in favor of his right to ownership of a 3.4 million-square meter plot that he purchased in the National Park of the East. He obtained Dominican nationality through Decree 187-10.
El Dia reports that Carlos Sanchez, who appears as owner of the Inversiones Trubia company that purchased the area in the National Park of the East, is involved in a tax fraud worth 4.8 million euros in Spain. Ministry of Environment officials and environmentalists have rejected the Supreme Court decision that is now being appealed.

This guy can buy anything he wants.
Written by: xwill7, 1 Jul 2010 4:13 PM
From: United States, El cuarto bate
working girls in DR make more than most professionals in DR
Written by: Atabey, 1 Jul 2010 5:10 PM
From: United States, NYC
Export or Die. DR missed the boat back in 1966 with the US offer of export led growth, and one would think it has learned its lesson. Sadly, many still cling to the old discredited ways. Export or Die.
Written by: ElProfe This user is banned, 1 Jul 2010 8:58 PM
From: Dominican Republic, Jarabacoa
Look Guys All Jokes aside,

The Dominican Republic has very rich Soil. It can grow just about anything it wants. The problem is when you are exporting the buyer wants to bend you over real good.

For instance, Tobacco>>> The Dominican Republic has some of the best tobacco in the world. (Cuban Tabasco is just as good) some Yankees think it’s better just because it’s illegal. Bull Shit

Now the USA buys our tobacco for pennies on the dollar and then they sell it for BIG BUCKS.

Is that fair trade? HELL NO.

Three years ago I was in Nicaragua. They export tobacco to the USA also. The USA wanted to tax Nicaragua 15% tax on there tobaccoexports to the USA. Nicaragua told them where to stick it. They told the Americans that they would burn it before they would pay 15% tax to sell to them

Now please tell me how in the hell are you going to charge me a tax when you are the one buying from me.

Cont
Written by: ElProfe This user is banned, 1 Jul 2010 8:59 PM
From: Dominican Republic, Jarabacoa

So let's be real careful on how we deal with exports. It’s nice to have a big contract to export your product, but you need to make money on your product.

Case in point! How many companies has Wal-Mart put out of business? Companies have lost their ass dealing with Wal-Mart.

The Big fish eating up the little fish.

USA can kiss my Hairy White CUBAN ASS.
Written by: yowzerDR, 2 Jul 2010 12:07 PM
From: Dominican Republic
There is next to no money in raw materials unless it is gold, diamonds or oil. The big bucks are in finished products, for example, turn wheat into cereal or turn bamboo into furniture. Plus, it creates thousands of local jobs. In my eyes, that is a win-win situation for DR.

To achieve this, the government and locals have to stop stealing from foreigners. Whether it is stealing or fraud. Crime must stop. Business owners of 10 years plus are having second thoughts about staying here because of unfair taxes. What will happen if the DR loses 50% of their income, which is generated by foreigners?

Dominicans need to learn customer service and respect...
Written by: Blutarsky This user is banned, 2 Jul 2010 12:25 PM
From: Dominican Republic, No Spin Zone
Profe tobacco money is not where it is at ....Fruits and Veggies ....Tobacco is a loser you must be careful it is the law of diminishing returns smoking is stupid habit and the Cigar boom is over .....eating is a necessity
Written by: ElProfe This user is banned, 2 Jul 2010 12:49 PM
From: Dominican Republic, Jarabacoa

Blu,

I agree with you 100%. I just used tobacco as an example ( but it is a major export product).
Written by: Blutarsky This user is banned, 2 Jul 2010 1:45 PM
From: Dominican Republic, No Spin Zone
yes and you are also correct about the quality of Dominican Cigars the allure of the Havanas is that they are illegal to Americans .....The Cuban government cannot even afford to buy the fertilizer for theirs Davidoff got out because of quality and is now here .....Fuente was ripped off twice by Castro and then Danny the Diddler in Nicaragua ...and now he is here ....but the stuff is poison I was once in the business
Written by: ElProfe This user is banned, 2 Jul 2010 2:13 PM
From: Dominican Republic, Jarabacoa

Haiti Could do very well exporting "Mud Cookies"
Written by: Blutarsky This user is banned, 2 Jul 2010 2:46 PM
From: Dominican Republic, No Spin Zone
They will be exporting themselves to Cuba as soon as Fidel goes down the drain and they will be able to make a dollar
Written by: anthonyC, 2 Jul 2010 5:46 PM
From: United States


Elprofe Asks:

"Case in point! How many companies has Wal-Mart put out of business?"

Answer: None!

"Companies have lost their ass dealing with Wal-Mart."

And who's fault is that? I will give you a hint......It isn't Wal-Marts.
Written by: anthonyC, 2 Jul 2010 5:48 PM
From: United States
As long as the DR hitches it's economic future to the boom and bust industry that is tourism it will continue to remain mired in the morass of limited growth.

The DR offers a fairly educated yet cheap workforce. Industrialize.
Written by: Trujillo, 5 Jul 2010 3:52 AM
From: Dominican Republic
Glad to know there are still people in the DR that get it.
Post Your Comment | Not a member? Create your account | Lost your password?
Write your opinion here. Please keep your comment relevant to this article. Please note that any comments which contain offensive language or discriminatory expressions may be edited/removed.
You must log in to post a comment:
Username Password