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NewsWhore
04-19-2012, 01:00 PM
The manufacturing sector met yesterday to commit presidential candidates to changes in policy to stimulate production, exports and reduce the growing trade deficit. Political candidates Eduardo Estrella, Danilo Medina, Hipolito Mejia, Guillermo Moreno and Max Puig signed the Statement of a Commitment for the Development of Dominican Industry at the end of the Second Congress of Dominican Industry, held yesterday in Santo Domingo.

At the conclusion of the event on yesterday, 18 April, the organizers presented a list of objectives for the next five years. These include an increase in exports from US$8.537 billion in 2011 to US$20 billion by 2017. Another leading objective is the creation of 300,000 new jobs in the formal sector, the creation of 2,200 new industries and an increase in the number of industries that export more than a million dollars from 209 to 500.

The objectives are based on the conclusions of the Second Congress of Dominican Industry, which was attended by President Fernandez. The industrial sector seeks to close the productive and social gaps through the creation of formal sector jobs. At the present time, jobs are growing primarily in the informal sector.

The industrial sector, which currently represents 26% of the GDP, is the largest provider of fiscal income for the state and one of the economic sectors that provides most jobs. Moreover, it is the principal generator of hard currency and constitutes the guarantee of sustainable macro-economic stability.

The conclusions were outlined by Yandra Portela Vila, the coordinator of the Second Congress of Dominican Industry, in the presence of presidential candidates Danilo Medina, Hipolito Mejia, Max Puig, Eduardo Estrella and Guillermo Moreno, to whom she pointed out that in order to achieve these goals there was a fundamental need for "a broad-based relationship between the industrial sector and the public sector."

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