Monday, March 17, 2008

LEGAL FRAMEWORK FOR COMPANIES, LAW FOR INDUSTRIAL COMPETITIVENESS

Competitiveness Council calls for enacting laws.

Dayana Acosta.
Santo Domingo.

The director of the National Council on Competitiveness, Andrés Van Der Horst, requested yesterday to the Executive Branch the enactment of more than 10 laws passed by Congress, which will foster the strengthening of the Dominican industrial sector. Van Der Horst explained that these legal regulations will strengthen the business climate, making the domestic companies more competitive. Among the laws being cited, there is the law for Industrial Competitiveness, which was approved.
The law of Companies, which eliminates the use of seven partners and can only be two or three people.
The other one is that of the Perishable Agricultural Products, which seeks to create a mechanism of protection for producers, with the goal that they can pay the loans within 90 days, instead of 60 established at the present time.
He argued that with such a law they are seeking that the production cycle which would be affected by the funding, there could be a mechanism that in 90 days, no more, they can pay to these farmers; it was approved by the Senate, waiting to be enacted.
In the legal framework for medium and small businesses, during the last 20 years there has been a cry that they do not have a legal framework governing the small traders.
He said that the important thing within the National Plan for Competitiveness is not just for the DR-CAFTA, but also for other free trade agreements, which seek to strengthen the part that has to do with the economic defense.
"While on one hand we must be proactive and boost productivity and exports, we also have to protect our market, and for that this year, through the Secretariat of Industry and Commerce and the National Competitiveness Council within the National Plan on Competitiveness have been issued regulations and laws that seek to strengthen the domestic industry," he said.


Freddy Miranda
Translated by Orlando Alcántara