Massive layoffs for 2009

[NewsWhore]

Four business associations warned that without incentives for exports next year, there would be massive layoffs by private sector employers because exports have already fallen by 50%. Business leaders went to Congress yesterday to request support and approval for a joint resolution that declares exports a national priority and works on an agenda towards that end. The Dominican Free Zones Association (Adozona), the Industries Association (AIRD), the Exporters Association (ADOEXPO), and the Agribusiness Council (JAD) all said that, working together in the common interest, the nation can adequately face up to the challenges of the new world economic order, and they have taken on the task of promoting a development proposal declaring exports a national priority. The association's statement reads: "We understand that the crisis that affects the major world powers obliges us, as a country that depends on these economies, to adopt urgent measures in order to guarantee the volume of hard currency income that will allow us to respond to the effects of this situation, as the best way of ensuring the protection of the national productive apparatus." The document was handed to Julio Cesar Valentin, the president of the Chamber of Deputies, by Fernando Capellan of Adozona, Jose Ramon Peralta of the JAD, Ricardo Koenig of Adoexpo and Circe Almanzar of the AIRD. The businessmen expressed confidence that deputies would share their concerns and their criteria that the basis for the development of the national economy rests on the creation of a powerful productive apparatus that can satisfy the demands of internal consumption and guarantee the country's presence in the international markets.

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