Manufacturing of various products grows in Dominican industrial sector

Fenacerd recognizes the AIRD and the Conep

The Minister of Industry, Commerce and Mipymes (MICM), Víctor -Ito- Bisonó, yesterday highlighted the importance of the sector he represents in the Dominican economy in the creation of jobs, investment and exports.

He assures that it is not possible to think of an equitable development without an active commerce and a robust industry.

“Without industry there is no trade. Both sectors have a high level of co-dependence, because, while industry transforms raw materials into finished and semi-finished goods, commerce seeks to place these products in the hands of the consumer. In other words, commerce facilitates the distribution and sale of industrial products to Dominican households and companies,” said Bisonó.

Production

He detailed that many products manufactured by the Dominican industry, which are present in all wholesale and retail stores in the country, experienced a growth in their production volume in the first quarter of 2023 with respect to the same period of 2022.

“Wheat flour and its derivatives, increased by 37.7 %, going from 1 to 1.4 million quintals; pasteurized milk increased by 12.8 %, going from 46 to 52 million liters; paint increased by 8.6 %, going from 16 thousand to 17 thousand metric tons”, indicated Bisonó.

He detailed that rum increased by 7.3 %, going from 17 to 18 million liters; beer increased by 4.0 %, going from 149 to 155 million liters; and cigarettes increased by 1.6 %, going from 13.7 to 14 million 20-unit boxes.

The official spoke during an activity organized by the National Federation of Merchants and Businessmen of the Dominican Republic (Fenacerd), where the association presented awards to the Association of Industries of the Dominican Republic (AIRD) and the National Council of Private Enterprise (Conep).

At the activity, several businessmen were present, among them: Celso Juan Maranzini, president of Conep; Julio Brache, president of AIRD; and Luis Miura, president of the Dominican Confederation of Micro, Small and Medium Enterprises (Codopyme), among others. Also in attendance were representatives from all over the country from Fenacerd.

Bisonó added that the commerce and industry sectors are the ones that contribute the most in terms of jobs to the Dominican economy.

He specified that, according to the National Continuous Labor Force Survey, for the first quarter of 2023, the commerce sector contributed around 974,000 jobs, and the industry sector around 483,000 jobs, which together represent 30.5% of the total jobs.

Bisonó participated together with José Díaz Ceballos, president of Fenacerd, in the master conference, “Industrial Development and its Impact on the Growth of Dominican Commerce”, where they shared important data on both sectors and analyzed their development.

Source: Diariolibre.com

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