US Undersecretary of State explains that they will also support improving the customs system and streamlining processes to be more competitive
Dominican Republic will receive support from USA to attract investment known as nearshoring who seek to bring the industries and supply chains needed to improve economic security closer to the region. They will also help improve the customs system and streamline processes to be more competitive.
This was stated by José W. Fernández, Under Secretary of State for Economic Growth, Energy and the Environment of the United States, during a telephone press conference.
Fernández explained that they have heard the complaint that companies that export to the United States manufacture in two or three countries and assemble and then export, but then these products remain for a long time at the borders because the customs system does not work.
“We are looking for a way to streamline these processes and to be more competitive and the Dominican Republic, I think, will be one of the most benefited from this, because it is something that Dominican businessmen are already requesting,” he said.
It is an alliance promoted by the United States and made up of Barbados, Canada, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Mexico, Panama, Peru and Uruguay to boost the recovery and growth of the economy.
He said that DR, Ecuador, Panama Y Costa Rica They have come together to create an Alliance for the Development of Democracy and part of what they want to do is seek cooperation to be more competitive in their production and in their importation from other countries.