Santo Domingo.- Industrialists from Puerto Rico and the Dominican Republic met in the country on Monday to discuss the productive chain and kick off an initiative aimed at creating a regional economic bloc including Cuba and other Caribbean nations.
"In fact we’re planning joint missions to other countries to achieve what we call the Caribbean Bloc,” said Dominican Industries Association (AIRD) executive vice president Circe Almánzar. “In other words, how to link the Hispanic Caribbean together to bring higher added value and greater strength which can supplement our non-competitive industries."
For his part, Puerto Rico Industries Association (AIPR) president Carlos Rivera Velez said the productive chain seeks to create a sustainable economy in the long-term.
"We brought several areas of opportunities through the years in which Dominican Republic and Puerto Rico have cooperated in the manufacturing area, where there are still many opportunities in the manufacturing sector," Rivera said, noting that Dominicans can leverage the USA label to accesss the US market.
He said other areas of opportunities for the two countries are also within the DR-CAFTA, in Puerto Rico’s service sector, in engineering and maintenance and research and development, among others.
The AIPR and AIRD representatives, who met yesterday to define the areas to work together to bolster business ties and create jobs in both countries, agreed to meet again next June.