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Santo Domingo.- Dominican Republic Industries Association (AIRD) president Ligia Bonetti yesterday said the country must to more to create wealth in a virtuous cycle in which jobs and productivity grow on pace with the economy and not against, as in her view has occurred in recent years.

"Dominican Republic is a country full of opportunities with a diverse economy, with a privileged geographic location, economic, political and labor stability that many would envy, and valuable natural resources which allow us important farm production, minerals and beautiful areas for tourism and above all, an industry aware of these realities that sets its rooted in and committed to the country."

The business leader noted however, that decades have already been wasted arguing over formulas for development, and have lost sight that the resources are there, "under our very noses.”

“We’ve been distracted by thinking about how to make the rich less richer, and what we’ve achieved is that the poor are poorer; what we’ve done with that distraction is that we have let outsiders come and take what we haven’t learned how to take advantage of." she said.

Bonetti said competition among countries is becoming more fierce when attracting investment and increasing exports, “so what’s needed is a State that promotes collaboration between the public and private sectors, to generate wealth.”

During a business forum held in the Central Bank, the industrial mogul cautioned that starting January 1next year, all industrial goods from the U.S. will enter the country duty free, for which “a change of paradigm is essential.”

Challenges

Bonetti cited a boost of exports to US$11.0 billion by 2017 as local industry’s main challenge, aimed at creating 300,000 jobs in the sector; a 35 percent growth of companies that export more than one million dollars from 209 to 500 in five years.

She lauded president Danilo Medina, “for having established a dialogue between the Government with industrialists of all lines more than 16 months ago.”

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COMMENTS
25 comment(s)
Written by: anthonyC, 12 Feb 2014 1:12 PM
From: United States


Let me translate for you....

Bonetti: "I have pumped millions of Dollars into every politician's pocket I can and now I want you peons to enact laws and regulations to stifle any competition against any of my interests.
Just used that tired old populist trick of nationalism and helping the people. The masses are lazy idiots for the most part and will actually believe it....again"


Written by: josean, 12 Feb 2014 1:16 PM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016


"said the country must to more to create wealth in a virtuous cycle in which jobs and productivity grow on pace with the economy and not against, as in her view has occurred in....

.........RECENT YEARS."


.....Another Piece of Phlegm Throw in Narco Lie-onel’s Face!



Written by: rokete, 12 Feb 2014 1:22 PM
From: Dominican Republic, (((( DEPORT THE HAITIAN ILLEGALS AND THEIR ILLEGAL OFFSPRING !! ))) ............... (((((((((( ELECTRIC FENCE AT THE BORDER !!! ))))))))))
The comments couldn't have been more accurate. Stop concentrating on making the rich poorer, that is counter productive, and start concentrating on making the poor richer !!!
Written by: Atabey, 12 Feb 2014 1:41 PM
From: United States, Bring DT Forum Back--


"The business leader noted however, that decades have already been wasted arguing over formulas for development, and have lost sight that the resources are there, "under our very noses.”



Over twenty years ago, I remember a University professor of mine speaking to me about his trip to DR with a group of fellow South Koreans. He came away very impressed "by a country full of opportunities with a diverse economy, with a privileged geographic location to the huge USA market, economic, political and labor stability that many would envy, and valuable natural resources"

However, he also noted the lack of a clear modernization and development regime and vision.

So much potential yet soooo much waste and mismanagement was his final verdict.

Perhaps this time around things will be different. I sure hope it is.

Medina en la Cima; Joseanus cagándose.



:)


Written by: Radar, 12 Feb 2014 1:55 PM
From: Dominican Republic

First thing's, first. One can't do diddly-squat without our government's support and easing of red tape. It is nightmarish to try and get any business legal papers/permits done, within a reasonable time frame.

Second. The weak judicial system allows for much legalese and interpretation.... Laws must have teeth and be very specific so as not to confuse and allow legal thieves, (lawyers), with the loop holes inherent, for defrauding investors.

Third. Our govt must enact new laws and incentives specifically geared to protect and guarantee all business investment by local and foreigners, alike. It must specify that there won't be any new taxes or levies for at least, the first 10 years.

Finally, all investors must comply with the law stating 80% Dominican labor participation, (unless previously specified). We have what it takes to prosper. But corruption renders laws ineffective.

Government incentives and assurance of legal standings= favorable business climate for all.
Written by: foresthill, 12 Feb 2014 2:09 PM
From: Dominican Republic
Heads up every one.

The problem is still the corruption and the heavy hand of the military.
You have a military to protect the borders not protect their pockets filled with drug money.

the honest person is pushed to the side and as long as the corruption continues then it is alright for the people to be corrupt.

Who in their right minds wants a piece of Domincan paradise.
Written by: Perception, 12 Feb 2014 2:10 PM
From: United States
"The Conglomerate of Pats in the Back".


(Fantasy Island).*



L¤¤K.***
Written by: Mike36, 12 Feb 2014 2:30 PM
From: Haiti
Wow
Written by: Radar, 12 Feb 2014 2:58 PM
From: Dominican Republic

"'Who in their right minds wants a piece of Domincan paradise.""--Foresthill__

Who? You'd be surprised at the potential of our little rock.!

We're on our way of becoming-___ THE NATION__ for start-up industry of all kinds. We have all the right ingredients for success in any type of emerging enterprises. Especially in the manufacturing of goods and agriculture, which will in a few short years, surpass tourism as our biggest source of income.
A diversified economy, with all it's income streams, will earn us mucho dinero, which in turn, will attract more industry, in a benevolent cycle.

Our middle class will grow to become the majority. But corruption, just like prostitution, will never be eradicated, but it can be lessened.
As our next, better educated generation emerges, it will inherit a vibrant economy that will, in time, propel us to first-world status. Give it another ten years....you'll see.

Written by: zooma, 12 Feb 2014 2:59 PM
From: United States, and Dominican Republic

The government is the one who designed the welcome mat and allowed the outsiders to arrive to take what they wanted as long as the government handlers and cronies got a piece of the action. So much for Dominican sovereignty. It continued and continues as long as the outsiders are not from the side of the island that sees the setting sun last.

The government has an agenda to keep the population ignorant and poor to keep the power and order in the hands of the limited few who in their own eyes were the ones to destined to appreciate.the gains from the arrangement they created.

Now, this arrangement has bitten them in the arsss. The population is behind in education and the country infrastructure is not ready for the onslaught modern technology with the demands and benefits it brings. The country enabled the outsiders to appreciate its value without bringing to pass the means to empower its own resident population to enjoy same.

Opportunity to appreciate is slipping.


Written by: anthonyC, 12 Feb 2014 3:58 PM
From: United States


The biggest thing holding the D.R. back is the Dominican people.

They continue to live and accept the status-quo of cronyism and corruption. They vote for the same people expecting free stuff then get all outraged when told they have to actually earn something.

They would rather steal than earn an honest day's pay then get mad when called out on it. They claim that the Haitians are stealing their jobs but then try to find a Dominican who will cut cane or dig a ditch.

They keep their homes spotless but thing nothing of tossing an empty cup out the window of a bus.



Written by: Perception, 12 Feb 2014 4:13 PM
From: United States
And "When" the "Population" Goes "Nuts" Then "US" has To "Intervene".*


L¤¤K "Who" US "IS" Helping "Who".?


Social Justice.*

Note: Before the "MadNess".


Democracy.***
Written by: PuntaCanaMike, 12 Feb 2014 5:41 PM
From: Dominican Republic
It will take one generation of proper education before much changes. That cycle has in fact...not yet started. Schools built...but very limited qualified teachers.
Written by: CadeJ, 12 Feb 2014 7:14 PM
From: Dominican Republic, Altamira
As zooma and PuntaCanaMike mentioned; there is only ONE way to improve a nation's standard of living and that is to increase human capital = EDUCATION. Nothing else will do it.
Written by: josean, 12 Feb 2014 8:14 PM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016




Don't tell that to the METRO SOLVES EVERYTHING Crowd!






Written by: tschotschua, 13 Feb 2014 2:57 AM
From: Germany, Koblenz, Rheinland-Pfalz
Josean, what have you ever done for the well-being of Dom. Rep. ?
As long as I know, you have never lift a finger for Haiti ... Please, leave Leonel and the rest of us alone (!) Yes, we already know, you are too much of a Metro-Man (*L*)
Written by: josean, 13 Feb 2014 3:28 AM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016


See what I mean!

Written by: tschotschua, 13 Feb 2014 7:55 AM
From: Germany, Koblenz, Rheinland-Pfalz
What, Perception or Illusion ... What is it (?)
Written by: RoyStone, 13 Feb 2014 8:14 AM
From: Australia
"Outsiders come and take what Dominicans fail to appreciate "

Their women!
Written by: zooma, 13 Feb 2014 8:26 AM
From: United States, and Dominican Republic

per Roy

""Outsiders come and take what Dominicans fail to appreciate "

Their women!"



Great one, had a good chuckle.

Written by: generoso, 13 Feb 2014 11:15 AM
From: Dominican Republic, "Good fences, make good neighbors"
RoyStone

Written by: RoyStone, 13 Feb 2014 8:14 AM
From: Australia
"Outsiders come and take what Dominicans fail to appreciate "

Their women!


Speaking because of experience Roy?

How is the miss adapting to life in kangaroo land?




Written by: Perception, 13 Feb 2014 1:45 PM
From: United States
Where's the "DNCD Officer" that is "Disappeared".???








L¤¤K.***
Written by: tschotschua, 13 Feb 2014 6:17 PM
From: Germany, Koblenz, Rheinland-Pfalz
RoyRocaIzquierda, I've always had nice, kind and warm words for you.
Why is it, that you keep coming over here and take out the best of us, our women, don't you get something better anywhere else (?)
Written by: Perception, 13 Feb 2014 6:26 PM
From: United States
"Follow Me" Threads.


News "Link".*



Germicide.***


Written by: Perception, 13 Feb 2014 6:34 PM
From: United States
Where's the "DNCD Officer" that is "Disappeared".???




Your "Chief" He is "Not L¤¤King".!


Blind "Mans" Eye "Under Pressure".*



L¤¤K.***

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