Dominican Tourism Sector, With “Attractive Opportunities” For Investment

• Dominican industrialists reacted to statements by the U.S. State Department on its foreign investment report on the Dominican Republic, which collects complaints from investors who pointed to the country as a destination that has accusations of widespread corruption with requests for bribes. 
• The U.S. report also notes that investors face delays in government payments, poor enforcement of intellectual property rights, bureaucratic hurdles, slow, sometimes biased judicial and administrative processes, atypical customs valuation procedures, and import classification. 
• In response, the president of the Association of Industries (AIRD), Celso Juan Marranzini, said that the investment climate in the country is favourable with a very positive outlook, especially when compared with countries in the region and even with nations of the world. 
• He also noted that the Dominican Republic is a country with a geographical position and an enviable climate and one of the most diversified economies, with very attractive investment opportunities in industry, agribusiness, agriculture, tourism, and free zones, according to Listín Diario. 
• “The current Government has made a great effort to boost economic growth and strengthen the climate of confidence. It has also taken important steps in the fight against corruption and impunity and must continue to move firmly in that direction, and carry out the institutional
  reforms that are pending,” he said.

(Source: Dominican Today)