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Santo Domingo.- Dominican Republic’s foreign investment climate is favorable and better than 10 years ago, but legal security needs to improve to attract capital and future investors.

American Chamber of Commerce of the Dominican Republic (AmCham-DR) vice president William Malamud made the statement, stressing that the country needs to improve that issue.

"In direct investment the overall trend is that it has improved. But we're a bit concerned with some trends regarding public safety, highway safety, which is impacting on investment and legal security regarding contracts with the government."

He said however that those are some points of contention, but at the macro climate, i’s better than 10 years ago.

 Malamud spoke to elcaribe.com.do, with Roberto Herrera, President of the "Dominican Week in Washington 2012" Organizing Committee, and AmchamRD PR Iban Campo.

Although the AMCHAMDR executive said there’s always room for improvement, he didn’t cite a specific case of companies involved in conflicts of legal security.

Malamud added that there’ve been several examples in the media of companies which have been subject to legal proceedings out of the traditional instruments set out in contracts and where contract disputes lead executives to face criminal action.

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COMMENTS
4 comment(s)
Written by: zooma, 17 Sep 2012 8:23 AM
From: United States

Legal security is a political word for incorruptible. It is only when the government purges itself of politicians and employees on the take will the investment climate improve.
Written by: josean, 17 Sep 2012 8:30 AM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016


Very diplomatic statement, however the so called great improvements of macro economy has not "trickled down" to the micro economy where the rubber meets the road for the average dominican, hence the explosion of criminality and the general lack of public safety!

Although some argue the USELESS METRO METRO has to solved all our problems!



Written by: dreamkiller, 17 Sep 2012 8:41 AM
From: Falkland Islands (Islas Malvinas), The Dentist will see you now
Whining constantly and complaining constantly josean and the pitchfork crowd are to blame for much of the bad investment climate
Written by: josean, 17 Sep 2012 8:51 AM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016

Now the citizens for asking for a redress of their grievances are ones responsible for 8 years of drug traffickers running the country into astronomical debt while ignoring the quality of life of the masses.

Blame the victims that is your mantra!

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