NewsWhore
01-31-2011, 03:20 PM
Media in India reported on President Leonel Fernandez's speech at the Confederation of Indian Industry meeting in Mumbai on Monday. Fernandez highlighted the regional free trade agreements and the preferential market access the country enjoys with the US and the European Union. Fernandez stressed that the DR is one of only six countries in the world with a FTA and PMA to the US and the EU with very flexible rules of origin.
"We also have preferential access to over 878 million customers worldwide and are in a position to offer a tremendous advantage for companies doing business in our country," Fernandez said when visiting the Confederation of Indian Industry (CII).
Fernandez also focused on the sound judicial system in Dominican Republic, the country's social political and macro-economic stability, a productive and highly competitive infrastructure aided by attractive government incentives and excellent human resources.
He encouraged India to look to the Caribbean and Latin America.
"I believe people of both countries could benefit from exchange of knowledge, experiences and ideas from the import and export of goods and services as well as the flow of more FDI and cooperation. Our economies are rather complementary and many win-win opportunities are truly within our reach," Fernandez stressed.
IANS news service reported that speaking on the occasion, Sunil Bhandare, member, CII (WR) economic affairs sub-committee and advisor (economic & government policy) to Tata Strategic Management Group, pointed out that several Indian companies have already set up base in the Dominican Republic.
"The Dominican Republic provides us with a platform to explore not only the markets of their country, but also various other markets with which they have economic cooperation and free trade agreements," said Bhandare, also speaking in Mumbai.
He added that the Dominican Republic offers many opportunities for export to third world markets, and a very positive policy support and framework in terms of tax benefits and incentives exist that is clear, positive and inspiring for those that want to do business.
More... (http://www.dr1.com/index.html#3)
"We also have preferential access to over 878 million customers worldwide and are in a position to offer a tremendous advantage for companies doing business in our country," Fernandez said when visiting the Confederation of Indian Industry (CII).
Fernandez also focused on the sound judicial system in Dominican Republic, the country's social political and macro-economic stability, a productive and highly competitive infrastructure aided by attractive government incentives and excellent human resources.
He encouraged India to look to the Caribbean and Latin America.
"I believe people of both countries could benefit from exchange of knowledge, experiences and ideas from the import and export of goods and services as well as the flow of more FDI and cooperation. Our economies are rather complementary and many win-win opportunities are truly within our reach," Fernandez stressed.
IANS news service reported that speaking on the occasion, Sunil Bhandare, member, CII (WR) economic affairs sub-committee and advisor (economic & government policy) to Tata Strategic Management Group, pointed out that several Indian companies have already set up base in the Dominican Republic.
"The Dominican Republic provides us with a platform to explore not only the markets of their country, but also various other markets with which they have economic cooperation and free trade agreements," said Bhandare, also speaking in Mumbai.
He added that the Dominican Republic offers many opportunities for export to third world markets, and a very positive policy support and framework in terms of tax benefits and incentives exist that is clear, positive and inspiring for those that want to do business.
More... (http://www.dr1.com/index.html#3)