NewsWhore
02-28-2007, 05:50 PM
The president of the Grupo M industrial consortium, Fernando Capellan, has told reporters that the recent closure of several factories in the Santiago Industrial Free Zone has had "devastating effects on the local economy". Capellan stressed that the current situation threatens the nation's political stability, and applauded President Fernandez's statement on the Dominican Republic's very imminent entry into the DR-CAFTA agreement. President Fernandez announced a RD$1.2 billion government-guaranteed fund to assist in the reconversion of free zone companies. Free zone sectors have called for allowing the peso to float, flexibility in allowing them to choose cargo transporters, and improvements of closer ports as measures that would increase their competitiveness.
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More... (http://www.dr1.com/index.html#3)