From tourism
and real estate to textile manufacturing and
mining, foreign investors are bullish on the
outlook for the Dominican Republic. The Caribbean
country, which implemented a free trade agreement
with the United States in March, is expected
to see more trade with, and investment from,
the United States as a result of the agreement
as well as continued strong growth in the local
economy and investor-friendly policies from the
government.
"Exceptional economic growth with single
digit inflation forecasted to continue through
2007, combined with a stable exchange rate, has
laid the basis for welcoming new investors," says
Kevin Manning, an advisor to U.S.-based energy
company AES and a former president of the American
Chamber of Commerce.
Last year, the Dominican economy grew by 10.7
percent, more than any other country in Latin
America. It was also the best performance in
more than 25 years.
Full
article available at www.latinbusinesschronicle.com
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