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Dominican Republic maritime trade strategy flounders

Santo Domingo.- Damaged port infrastructure, an obsolete law on ports and the lack of a logistics strategy on maritime trade activities have taken the Dominican Republic to the brink of losing profitable market opportunities.

The thrust of international maritime trade resulting from the Panama Canal’s expansion and the upswing in regional competition from the recent opening of the “Door to the Americas” container terminal in Cuba, forces the country to improve port access, adapt port infrastructure to provide dynamic, efficient, development-oriented logistics.

AP Marine Cargo president Aníbal Piña says the Panama Canal’s expansion and the competition from Cuba’s new port should spur the Government to rethink its policy to capitalize on global markets.

He criticized the official sector’s failure to respond to the region’s port and maritime market’s reality. “The Dominican Government must develop a strategy to respond to these phenomena which spur challenges, but also opportunities.”

He suggests adequate port infrastructure, terminals and a system of services to compete.

US$1.2 billion investment

The port logistics expert affirms that the private sector has done its job to boost competitiveness in maritime trade in the last 10 years, investing more than US$1.2 billion and capitalizing on opportunities, but notes that the government has yet to define clear strategies and refocus resources.

Source: DT

Category: DR News |

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Last updated December 4, 2016 at 11:02 PM
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