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.