After years of stable economic performance, the Dominican Republic will face difficult external conditions as a result of the US financial crisis and global economic downturn. Inflows of foreign direct investment and tourism arrivals could well decline. To improve competitiveness and navigate through the current global storm, it will be more important than ever for the Dominican Republic to address the need for energy reform, infrastructure development and greater government efficiency. In addition, more remains to be done to tackle poverty, institutional weaknesses and fiscal imbalances.
In order to better understand the Dominican Republic’s investment potential in today’s global environment, the Business Roundtable with the Government of the Dominican Republic will bring together top government leaders and business executives to analyse the opportunities and challenges of doing business in this country.
Participants will explore such questions as:
-To what degree will the fall in global demand affect export-oriented sectors and tourism?
-What are the prospects for energy reform and how will it affect business?
-How can the Dominican Republic best take advantage of DR-CAFTA and confront the challenges that it brings?
-What are the prospects for leading sectors such as infrastructure, technology, real-estate and telecommunications?
For more information or reservations: (1.212) 698 9747 • firstname.lastname@example.org • www.economistconferences.com/#latin.
SUMMA subscribers will obtain a 30% discount if they register with the code-SU DR.
For Eduardo Lizano, President of the Central American Academy, the fast benefits that were expected from the DR-CAFTA may not materialize
Due to the financial crisis in the US and Europe, Central America can expect to see a drop exports, tourism, real estate investments, and remittances sent home by immigrant workers, he said in an interview with IPS.
Bringing together leaders of the public and private sector to address critical issues challenging competitiveness in Central America.
Washington, DC – Caribbean Central American Action (CCAA) is pleased to announce the dates for a special conference event that will look at competitiveness in Central America and the Dominican Republic and its impact on the region's trade and development.
Representatives from the US, CA and the Dominican Republic met in Santo Domingo to analyze the need for technical assitance for the signed in CAFTA-DR 2004.
The director of Foreign Trade and Administration of the Treaty from the Dominican Ministry of Industry and Trade, Pablo Amaury Espinal, said that one of the objectives of the meeting is for the Committee for the Strengthening of the Commercial Capacity of the FTA to present an operational plan in 2009 that will allow the signatory countries to the agreement to access more resources.
After three years of ratifying the agreement, investments from the United States have increased by 22%.
According to the American Guatemalan Chamber of Commerce (AmCham) the signing of the Free Trade Agreement between the United States, Central America, and the Dominican Republic has generated an increase in investment, mainly in the call center industry.
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