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Cacao, Plastics and Beauty Products to be Promoted
The National Council for Competition (CNC) and the Association of Industries of the Dominican Republic (AIRD) signed an agreement to unite their efforts around a project known as “Industrial Innovation: Competing With Speed and Flexibility,” financed by the Multilateral Investment Fund (FOMIN), the Competition Fund that administers the CNC with financing from the Inter-American Development Bank (IDB) as well as resources from the AIRD itself.
Financial support of the CNC is nearly $225,000 dollars as the project cost itself has surpassed the 100 million peso mark ($3.3 million dollars).
The objective of the project is the implementation of three productive clusters comprised of cacao, plastic containers and beauty products, all of which will be produced for export as well as to supply the companies operating in the tax-free zones.
Through this agreement, the CNC will assume the commitment of supporting the AIRD in all areas of financial administration of the project, such as the acquisitions and programming needed to assure that policy established by the bank is carried out and that web design resources are used to show progress and achievement in the productive clusters. Financial support of the CNC is nearly $225,000 dollars as the project cost itself has surpassed the 100 million peso mark ($3.3 million dollars).
“This decision of the FOMIN and IDB is a recognition of the confidence in the way the National Council for Competition, through FONDEC, has managed the Bank’s resources which has been efficient and clever while working through the Program of Competitive Advantage,” said Andrés van der Horst Álvarez, Executive Director of the CNC.
Mr. van der Horst Álvarez added that “we feel highly satisfied because we are renewing the work and collaboration with the Association of Industries of the Dominican Republic, an entity that has been a pillar in the country’s development,” emphasized the CNC executive director.
Manuel Diez, President of the AIRD added that “we industrialists are committed to do our small part to help make the country competitive while achieving flexibility in our production processes in order to compete on a higher and faster level,” said the businessman.
He indicated that the country’s industrial sector is going through a period of transition, throwing off an old model of development which centered its efforts in consolidation in an internal market. This transition is necessary because times are changing rapidly.
“The commercial opening has provided new opportunities, but has also placed before us before the challenge of taking advantage of diverse competitive situations that now lie before us in this sector. One of them is the speed and flexibility with which we’re able to respond to the demands of our national and international clients. The clusters provide an excellent way of to do this,” said
Diez Cabral.
He explained that, together with the CNC, the productive sectors are in a process of undergoing cultural changes regarding the way business is done in the Dominican Republic.
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