Economy July 14, 2016 | 10:39 am

AMCHAMDR, OSAC work to improve Dominican business climate

Santo Domingo.- The American Chamber of Commerce of theDominican Republic (AMCHAMDR) and the Overseas Security Advisory Council (OSAC)will collaborate to shore up Dominican Republic’s climate for United States investmentsand the safety of American nationals and entities in the country.

Chamber president Gustavo Tavares and OSAC chairman AlainAstacio signed the document in an activity with executives at AMCHAMDR offices.

Both the AMCHAMDR and OSAC protect and promote US business interests.

"We have many opportunities and ample fertile field tojoin forces and achieve greater results in the Dominican Republic. Directinvestment from the US to the RD has multiple and substantial benefits to bothcountries such as employment, GDP growth and standard of living. In addition,private investment will benefit, and grows when there’s security, stability andthe rule of law," Tavares said in his brief speech.

For Astacio, relations through talks and documentation ofsome processes, activities and parameters as a first step in the partnership rapprochementhave great potential. "More than 3,500 companies and 18,000 specialistsworldwide are part of the OSAC. This public-private partnership of the US suitablycomplements AMCHAMDR’s platform, collaborating exponentially with important localgovernment agencies, contributing to Dominican Republic’s climate of securityand prosperity."

In an emailed statement, the business organization said theMemorandum of Understanding seeks to bolster the capacities, talents andinstitutions related to AMCHAMDR and OSAC, “with a view to strengthening theways and mechanisms for the Dominican Republic and the United States to comeout stronger together.”

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