All FTAs bad?

[NewsWhore]

Ignacio Mendez, president of the Federation of Industrialist Associations, says that all the free trade agreements (FTAs) the DR has signed have been detrimental to the country. Mendez argued that when the DR and similar countries opened their doors to the FTAs, they were already in a position to succeed in a globalized international economy, making the need for an FTA null and void. Mendez, speaking during the TV show "Uno+Uno" said that the DR has much work to do in order to become competitive. "We can not be competitive as industrialists if the country is not competitive, if businesspeople, the banks and the government aren't competitive", he said, adding that the country is in need of a long-term development plan and that the competitiveness law should be regarded as a way of developing the country. He also believes that strengthening education and employee training were the best ways to increase competitiveness.

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