Santo Domingo.- The Dominican Exporters Association (ADOEXPO) joined similar groups and personalities which hail president elect Danilo Medina’s statements on creating the Export Development Bank, to ensure funding for local innovative research projects and clusters.
ADOEXPO president Kai Schoenhals said the initiative would provide Dominican exporters financing at better terms, to successfully compete in foreign markets, providing access to technological tools for growth and efficiency.
He said international markets are increasingly more demanding and competitive, for which efficiency program requires mechanisms in the production and exports processes.
He said the creation of the Export Development Bank would place Dominican Republic in a better position to continue expanding and growing among world markets.
The business leader said the entity supports all aspects toward the creation of that Bank, and would provide expertise and support to make it a reality.
Schoenhals said Dominican exports have grown sustainably every year, but the emergence of that financial institution will allow a quantitative jump which he affirms will benefit to the country.
He said it’s difficult for Dominican Republic to compete in markets abroad, but when there’s political will it becomes easier and profitable.
Schoenhals asked Medina to take all productive sectors and exporters into account so the result of the creation of this Bank is by consensus.