NewsWhore
03-22-2012, 06:00 PM
Conversations and compliance with requisites that were demanded by the Haitian authorities have not stopped the bureaucratic and technical difficulties that led Dominican investors to stop installing flourmills in Haiti in 2009, a joint project that was being supported by the European Union. Since 2006 the Dominican Banco de Reservas has applied to the Haitian financial and banking authorities for permission to install offices in Haiti. The most recent meeting was at the beginning of this month, but they have yet to gain access.
Helados Bon (Bon Ice Cream), Industrias Empacadoras Dominicanas (Meat packers) with their products Jaja and Tropijugos are other companies that according to information provided to Diario Libre, have had problems when they set up in Haiti over the last 10 years. The neighboring country is the second largest recipient of Dominican exports, which totaled US$1.7 billion last year. Nonetheless, there is talk within the business sector of difficulties in investing in Haiti, due to the fact that the Haitians protect themselves from competition - as happens in other economies. The neighboring country does have a representation of Dominican micro-businesses dedicated to trade, hairdressing and beauty salons, where the latter dominate 95% of the market. At the macro level, some 15 Dominican investors have grown in Haiti. Although the public offices and the Dominican embassy in Haiti do not have an organized registry of local capital, the director of the Center of Exports and Investment (CEI-DR), Eddy Martinez, estimates it to be around US$200 million, without including contracts for projects and small businesses.
More... (http://www.dr1.com/index.html#5)
Helados Bon (Bon Ice Cream), Industrias Empacadoras Dominicanas (Meat packers) with their products Jaja and Tropijugos are other companies that according to information provided to Diario Libre, have had problems when they set up in Haiti over the last 10 years. The neighboring country is the second largest recipient of Dominican exports, which totaled US$1.7 billion last year. Nonetheless, there is talk within the business sector of difficulties in investing in Haiti, due to the fact that the Haitians protect themselves from competition - as happens in other economies. The neighboring country does have a representation of Dominican micro-businesses dedicated to trade, hairdressing and beauty salons, where the latter dominate 95% of the market. At the macro level, some 15 Dominican investors have grown in Haiti. Although the public offices and the Dominican embassy in Haiti do not have an organized registry of local capital, the director of the Center of Exports and Investment (CEI-DR), Eddy Martinez, estimates it to be around US$200 million, without including contracts for projects and small businesses.
More... (http://www.dr1.com/index.html#5)