Economy May 3, 2018 | 1:33 pm

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Industries upbeat on China ties, but demand transparency

A. Taveras

Santo Domingo.- The Herrera and Santo Domingo Province Industries Association (AEIH) on Thurs. called the new diplomatic ties with China “an opportunity to generate productive bonds of great impact in tourism, the chain of manufacturing, investment and the energy sector.”

However, AEIH president Antonio Taveras Guzmán urged the Govt. to guarantee transparent productive relations and respect for the institutions of both countries and advised drafting clear and effective strategies to take advantage of the new relationship without converting them in “another source of debt.”

He noted that Dominican Republic’s geographical location can become a great asset for China’s trade, facilitating the shipment of its products to other markets such as the United States.

“The economy’s globalization is irreversible. This country must continue to integrate into the large markets, locating and strengthening its greatest potential and, above all, applying the necessary changes in its Productive Development Model to generate connections and improve its competitive capacity,” Taveras said in a statement.

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