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February 27, 2022
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Adoexpo advocates diversifying and supporting national industry

Adoexpo advocates diversifying and supporting national industry

The president of the Dominican Association of Exporters (adoexpo), elizabeth menaassessed as positive the president’s accountability speech Louis Abinaderand expressed the need to diversify local production to depend less and less on raw materials from abroad so that international situations, such as the pandemic and the war conflict Come in Russia and Ukraineaffect the economy as little as possible.

Greeting the speech of the nation’s president, the business leader considered: “We must continue working together with the government and civil society, mainly at this time when the global crisis will impact us due to the increases in raw materials that will affect the imported inflation and price distortion.

Mena considered that this sector should continue to be supported, particularly the mining industry, which represents 20% of total exports.

He specified that “exports must have a higher added value in these post-pandemic situations and the war conflict Come in Russia and Ukrainewhich forces us to double production capacity, support exporters through incentives and take advantage of the country’s social, economic and political stability to attract more foreign investment and become the logistics hub of America”.

the president of adoexpo He recalled that 2021 was the year in which the country achieved the largest volume of exports in its entire history, reaching an amount of US$11,831,535,819, representing a year-on-year growth of 20%, compared to 2020, which was US$9,859,613,183, and 16.32% with 2019.

Mena agreed with President Abinader when highlighting the positive numbers of exports and attributed this record, in addition to the increase in demand in some lines of Creole products and services in international markets as a consequence of the pandemic, to the proactive role of the government and of the private sector for the consolidation of Dominican exports.

“Undoubtedly, the measures adopted by the government and the resilience shown by national exporters and entrepreneurs who kept their businesses consolidated and diversified, contributed to expanding our local supply of goods and services,” he stressed.

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