The president urged businessmen to continue to trust in the country’s stability and growth opportunities.
President Luis Abinader compared his presidential term with Donald Trump’s second term, in the United States, stressing that some of the causes that the new Trump administration defends today, such as regional security, immigration control, the fight against drug trafficking and crime, and fair trade, are also shared by “our” government.
He reiterated his support for the business sector, with emphasis on U.S. companies that have opted to invest in the country. Speaking at a luncheon of the American Chamber of Commerce of the Dominican Republic (Amchamdr), the President highlighted the strength of the local economy.
“Economic integration not only boosts production and trade, but also allows the exchange of knowledge, technologies and better practices,” Abinader said. In this context, he stressed that the national economy has grown thanks to strategic alliances with America, Europe and Asia.
“The time is now. We are ready to write a new chapter in the history of our bilateral relations with the U.S., based on cooperation, trust and forward-thinking,” he said.
When making his statements, he recalled that a record figure of 4,512 million Dollars in foreign direct investment was reached in 2024, marking the third consecutive year with foreign investment above 4,000 million.
He added that the current account deficit of the gross domestic product (GDP) was 3.3%, i.e., 4,167 million Dollars, entirely covered by foreign direct investment that exceeded 4,500 million.
Government Program
Abinader urged businessmen to trust the country’s investment climate, stressing that his administration encourages “an economic transformation agenda focused on productive diversification, technological innovation and sustainable and inclusive development,” promoting sectors with high growth potential such as “renewable energies, the digital economy, agribusiness, biotechnology and sustainable tourism.”
Regarding fiscal policy, the president reiterated that he has chosen to improve the efficiency of public spending instead of implementing a tax reform.
“We have decided to aim at greater efficiency in the use of government revenues and expenditures, promote the diversification and expansion of the productive base of our economy, close the gaps that allow tax avoidance and evasion and apply zero tolerance to administrative corruption, he said.
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