AIRD calls for strengthening of legal framework to guarantee investments, curb illegal activities and unfair competition

The Association of Industries of the Dominican Republic (AIRD) called on the Government to strengthen the legal and tax framework that guarantees new investments, curbs illegal activities and unfair competition and leads to sustainable development.

Celso Juan Marranzini, president of the AIRD, said that the reindustrialization of the country will only be possible if the competitiveness of the sector is guaranteed, and therefore called for the strengthening of the legal regulations to promote its development.

The business leader pointed out that thanks to the country’s resilient industry, the impact of the Covid-19 pandemic on the country’s reproductive and economic apparatus was not further affected. He also pointed out that due to the joint effort between the industrial sector and the Government, the supply of basic necessities has been maintained, in the midst of the rise in prices generated by different factors.

“It has been a joint effort of the State and the industrial sector that has allowed food, beverages, medicines, various supplies, hygiene articles, masks, to reach Dominican homes and shortages, hunger and inflation have not taken a galloping path that we would be strongly regretting today”.

During the ceremony, Vice President Raquel Peña, representing President Luis Abinader, said that it has been demonstrated that industrial development plays a preponderant role in the growth of employment and in the reduction of poverty in developing countries.

He added that the industrialization process is directly related to an improvement in the quality of life. “For our nation, this productive axis is critical and key, we know that without productivity there is no development.”

“Todos Somos Industrias” is the premise that we now present to the country to emphasize the pride we feel in all our producers, industrialists, traders and entrepreneurs, who are the living engine of the Dominican Republic’s growth.

For his part, the Minister of Industry and Commerce, Víctor Bisonó said that declaring industry as a national priority is a sign of the commitment of the Government headed by Luis Abinader, with a sector that is fundamental for the economic growth and development of the country.

During the activity, the DR Industries portal was presented, which contains statistics and information and will serve as a tool for researchers, journalists and the interested population.

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