China is not the problem

[NewsWhore]

Fernando Capellan, the president of Grupo M, a major industrial free zone company, has told reporters that the problem facing the free zones in the Dominican Republic is not China, but rather the lack of support from government authorities that fail to see the effects of the closure of free zone companies or the loss of competitiveness for Dominican industries. According to a report in El Caribe, 19 factories with 27,393 employees have shut their doors since 2004. Capellan says that major contributory factors to the current crisis in the free zone industries include the delay in the country's entry to the DR-CAFTA agreement, a lack of support from the National Training Institute (INFOTEP), the ineffectiveness of the social security system, the high cost of goods transportation and the non-fulfillment of the Energy Law. According to the business leader, Dominican industry has lost RD$4.0 billion as a result of these problems.

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