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Free zones applaud Medina shares their vision

The president of the Dominican Association of Free Zones (Adozona), José Tomás Contreras appreciated the remarks President Danilo Medina made in his Annual Report on the Nation on the export manufacturing industry. Contreras said Adozona enthusiastically shares Medina’s vision of the great potential the free zone industry has for growth and development.

Contreras said the President’s remarks concur with the announcement by Adozona during their annual luncheon in October 2016 that predicted significant growth and diversification with many new jobs being created in industrial parks all around the country during the next four years. Adozona is forecasting growth in existing products as well as business ventures in new areas.

In his Annual Report, President Medina commented on how 2016 had been a year of great expansion for the free zone industry. He observed that licenses for 52 new companies were approved in eight free zone parks, creating 17,000 additional jobs and generating US$62.6 million in hard currency.

Medina said the government was interested in finding new ways to back the productive sectors and one of the strategies is to link exports and attracting investment. “I am convinced of the great potential the export free zone has to grow and continue developing, both in existing productive areas as well as in developing new businesses to generate new jobs, create value added products and diversify the number of  products (including high tech) made in the Dominican Republic, said the President.

“We recognize the opportunities in the marketplace and so we have to attract new investment in export manufacturing – this is especially relevant given that the United States has withdrawn from participating in the Trans Pacific Partnership (TPP). Medina said that his government was committed to work together with the free zones and take advantage of opportunities in these new times.

Contreras expressed the interest of the Adozona members in working with the Ministry of Industry and Commerce, National Council of Export Free Zones (CNZFE), Ministry of Superior Education (MESCYT), Institute of Professional Technical Training (Infotep), Center for Export and Investment (CEI-RD), Customs Agency (DGA) and Pro-Industria.

Source: DR1, Eldinero

March 2, 2017

Category: DR News |

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Last updated April 24, 2017 at 11:08 AM
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