The president of the Dominican Association of Free Zones (ADOZONA) declared that the decision by the Government of Mexico to offer new incentives that exceed those existing in the People´s Republic of China, with the objective of retaining and attracting foreign investment in that country, is a wake-up call that should generate appropriate and prompt attention in the Dominican Republic.
Engineer José Tomás Contreras made this observation when reacting to the announcement by the Mexican government that it will offer new federal incentives related Income Tax, the tax on industrialized goods (IVA9, customs facilities, and Social Security.
The business executive reminded people that free zones are primarily oriented towards exports, competing with other free zones around the world, so that topic of incentives, coordination, and expediting of processes linked to the installation and operations of businesses is of fundamental importance to maintaining the strength of the sector.
The head of the Federal Authority for the Development of Special Economic Zones (ZEE) of Mexico, Gerardo Gutiérrrez Candiani, predicted that the new measures will be announced in the first week of February by President Enrique Peña Nieto.
After pointing out that the most important response today by the Mexican State are the special economic zones, he said that the Federal Government has to provide sufficient incentives of large scope in order to retain investments.
Gutiérrez Candiani explained that there are 55 companies with the ability to investment in free zones in Mexico, with Mexican, European, Asian, North American, and Indian capital, among others.