The president of the Board of Directors of the National Commission for the Defense of Competition (ProCompetencia), María Elena Vásquez Taveras, highlighted the investment climate that exists in the Dominican Republic, due to the strengthening of legal certainty, which facilitates the free competition of markets.
He pointed out that another element to take into consideration in the Dominican case is the growing connection with the world due to the boom in tourism.
By participating in the IV Regional Work Table of “Competition/Aviation Authorities”, held in this Central American country from Thursday to Friday, together with the counselor of ProCompetencia Gianna Franjul, as well as Jazmín Fabré, from the Dominican Institute of Civil Aviation (IDAC), representing the Dominican Republic, Elena Vásquez highlighted the importance of this activity for the country.
During two days of intense work, representatives from Costa Rica, Honduras, Nicaragua, Panama, the Dominican Republic and Guatemala, as the invited country, analyzed the issues scheduled in the context of the Central American Network of National Authorities in charge of Competition (RECAC), a project of the Inter-American Development Bank (IDB).
According to the executive summary of the project, the analysis of the passenger air transport sector is of interest to RECAC, due to the characteristics of the sector (strict regulations, limited competition, type of operations) that limit the free operation of airlines in the air spaces.
It highlights that the regulations of the airline industry mainly affect the entry of new airlines on the routes, weakening the disciplined role of this element in the performance of the markets.
In the context of the meeting, on Thursday 27, the Republic of El Salvador held the Pro Tempore (temporary) presidency of the RECAT-PPT.
Regional meeting on competition and aviation
The president of the Board of Directors of ProCompetencia, María Elena Vásquez Taveras, and the counselor Gianna Franjul, as well as Jazmín Fabré, from the Dominican Institute of Civil Aviation (IDAC), have represented the Dominican Republic in the IV regional work table of “Authorities of Competition/Aviation”, held in this Central American country from January 27 to 28, 2022.
During two days of intense work, representatives from Costa Rica, Honduras, Nicaragua, Panama, the Dominican Republic and Guatemala, as the invited country, analyzed the issues scheduled in the context of the Central American Network of National Authorities in charge of Competition (RECAC), a project of the Inter-American Development Bank (IDB).
Dr. Vásquez Taveras has highlighted the importance of this activity for the country, given the strengthening of legal certainty that facilitates free competition in markets, and the growing connection with the world due to the rise in tourism.
According to the executive summary of the project, the analysis of the passenger air transport sector is of interest to RECAC, due to the characteristics of the sector (strict regulations, limited competition, type of operations) that limit the free operation of airlines in the air spaces. It highlights that the regulations of the airline industry mainly affect the entry of new airlines on the routes, weakening the disciplined role of this element in the performance of the markets.
In the context of the meeting, on Thursday 27, the Republic of El Salvador held the Pro Tempore (temporary) presidency of the RECAT-PPT.
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