NewsWhore
05-22-2009, 04:20 PM
The president of the DR Association of Industries (AIRD) Manuel Diez Cabral has expressed his concern that the government may try to stimulate the economy by promoting imports, as reported in Hoy. He comments on the proposal for a Bill for the Development of Mortgage Market, which would apply tax exemptions for equipment, products and machinery that he says would be used to build low-cost housing. Diez Cabral says that if the government wants to stimulate the economy, it should do so by stimulating national production, not granting exemptions to imports of goods that are manufactured in the country.
He said he doesn't understand how this bill can be considered, when at the same time the President is speaking of a new economic model based on production, as a way of stimulating jobs and the economy. "What sector would be stimulated if these sorts of measures are taken?" Diez Cabral asked. He says that it would end up being commerce, and expressed his concern that the imported goods would end up benefiting all but low-cost houses.
More... (http://www.dr1.com/index.html#14)
He said he doesn't understand how this bill can be considered, when at the same time the President is speaking of a new economic model based on production, as a way of stimulating jobs and the economy. "What sector would be stimulated if these sorts of measures are taken?" Diez Cabral asked. He says that it would end up being commerce, and expressed his concern that the imported goods would end up benefiting all but low-cost houses.
More... (http://www.dr1.com/index.html#14)