Santo Domingo.- The Central America and Dominican Republic Industrial Chambers Federation (Fecaica) is concerned with citizen insecurity and tax policies in the region’s countries, which in its view makes it less competitive compared with other countries of the region and even outside it.

In a gathering held in the country, FECAICA’s members discussed the sector’s situation in the area and established some common rules to improve the competitiveness of the industries in the zone’s countries.

They also pledged to collaborate to mediate and resolve conflicts in foreign trade that surge between producers from their countries, and identify special customs and tax formulas in each FECAICA country, to propose those which could be included to their governments, within the Central America-Dominican Republic Free Trade Agreement.

The business leaders also issued a document stating their concern for what they view as a lack of security in the region.

“We want to state our concern for the weakening of citizen security which represents an obstacle in the social and economic development process, inasmuch as it reduces the quality of life of the individuals, increases public spending and hinders the possibilities of increasing productivity and competitiveness, in the local as well as in the international market,” FECAICA said, adding that “an uncertain country becomes less and less attractive for investments.”