NewsWhore
08-06-2009, 07:00 PM
President Leonel Fernandez said during the cabinet meeting held yesterday in eastern Hato Mayor that growth during the first half of the year reached 1.4%, and that a 2.5-3% growth is foreseen for the second part of the year despite the present global financial difficulties. He announced that the Ministry of Economy & Planning is working on a plan for a nationwide structural transformation of the economy. Once ready, the Executive Branch would send the plan to Congress. The project seeks to strengthen manufacturing and services sectors.
Fernandez said that present measures the government has implemented to counteract the financial difficulties seek to maintain economic and job stability, while supporting agriculture to ensure food products reach the consumer at reasonable prices.
This week, new Customs Department (DGA) director Rafael Camilo spoke on his vision of the economic model of the Dominican Republic as one that should give priority to services. Camilo recently reverted measures of his predecessor, the late Miguel Cocco, to close down operations that import used clothing. Local garment manufacturers and seamstresses say they cannot compete with the many shops that are selling the highly discounted imported used clothing. Due to the widespread imports of used clothing, hundreds of small manufacturing shops have shut down.
More... (http://www.dr1.com/index.html#1)
Fernandez said that present measures the government has implemented to counteract the financial difficulties seek to maintain economic and job stability, while supporting agriculture to ensure food products reach the consumer at reasonable prices.
This week, new Customs Department (DGA) director Rafael Camilo spoke on his vision of the economic model of the Dominican Republic as one that should give priority to services. Camilo recently reverted measures of his predecessor, the late Miguel Cocco, to close down operations that import used clothing. Local garment manufacturers and seamstresses say they cannot compete with the many shops that are selling the highly discounted imported used clothing. Due to the widespread imports of used clothing, hundreds of small manufacturing shops have shut down.
More... (http://www.dr1.com/index.html#1)