Investors in Pedernales will benefit from the Border Development Law, says Abinader

President Luis Abinader swore in at a hotel in the capital the members of the Coordination Council of the Special Border Development Zone (CCZEDF), leading his first working session as a sign of his commitment to the development of the border.

He promised that the government will finance the projects aimed at border communities and that it will become the first promoter of Law 12-21, on border development, which replaces Law 28-01, although he said that in each meeting with investors he motivates settle on the border.

According to the government official, in the last 16 years it has been shown that if the political will does not exist, even if special laws are created, it is not possible to achieve the development of an area that he intends to turn into an attraction for investment and job creation. .

"They will have all the support. I will be one more seller so that all the companies are established on the border"said Abinader, which caused the applause of the public present in the place.

He reported that the companies that will settle in Pedernales are within the regime of the Special Border Development Zone and that it will take action in the face of any difficulty that hinders the approval of any project in that strip.

He recalled that in all countries there are special incentives and cited the case of New York where, in his opinion, there are subsidies by zones, something that neoliberalism does not like, but the Dominican ruler sees it necessary in depressed areas due to geographic or other issues. .

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The generation of jobs is one of the pillars of the government plan, Abinader reiterated, at the time of attributing the country’s economic growth to private investment.

Other details

Erodis Díaz, executive secretary of the CCZEDF, highlighted the President’s commitment to the border and the approval of Law 12-21, which constitutes an important development tool, serving as a key piece in the government’s plans in favor of the border of the country.

He added that the Council is ready to receive and evaluate the projects of entrepreneurs who want to settle in the border area, to benefit from the incentives established by law.

On his side, the president of the CCZEDF, Ramón Pérez Tejada, expressed his determination to turn this body into a support entity for those interested in investing in the area.

He pointed out that he will strive to expedite the approval of investment projects, so that the border receives the benefits expected for so many years; through transparent application of the law.

The Council is made up of 14 members: the Minister of Industry, Commerce and MiPymes, the Minister of Finance, the Minister of Economy, Planning and Development, the Minister of Agriculture, the Executive Director of the Export and Investment Center of the Dominican Republic, the Executive Secretary of the Council and the President of the Council, appointed by the Executive Power, as well as a representative of Civil Society for each province of the Special Zone.

Currently, the border strip has 81 companies covered by Law 12-21, which generate more than 11,000 direct jobs and more than 30,000 indirect jobs.

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