The president of Conep emphasized the transfer of knowledge to increase investment in production and strengthen state powers.

Santo Domingo, August 30.- The president of the National Council of Private Enterprise (Conep), Pedro Brache, explained that to boost development and ensure prosperity in the Dominican Republic, it must embrace the need to transform its economic model and promote institutional order as a guarantor of legal security.

Participating as a guest speaker at the American Chamber of Commerce of the Dominican Republic (AMCHAMDR) monthly luncheon conference, Brache noted the importance of recognizing the global challenges and structural reforms facing the country.

In his opening remarks, AMCHAMDR President David Fernández congratulated the public sector for the macroeconomic policies that have provided, among other things, stability and openness to foreign investment, and for maintaining the Dominican economy with one of the highest Gross Domestic Product (GDP) growth rates in the region.
At the same time, he congratulated the private sector for being responsible for boosting the national economy and generating jobs, wealth, and prosperity.

In a presentation titled "Challenges and Opportunities for the Development of the Dominican Republic: The Private Sector Perspective," Brache indicated that challenges must be addressed proactively.
"Our strategy must focus on activities that generate foreign currency for the economy. Attracting foreign investment, exports through technological and productivity innovation in local industry and agriculture, tourism, and free trade zones are sectors that, although already developed, still have significant growth potential," the businessman said.
"Major reforms have taken place in our country in recent years, and many others are still pending," he said. "The national development strategy led to the conclusion of three major agreements: education, electricity, and fiscal matters."

“Conep is aware of the importance of an independent and efficient judicial system for strengthening democracy and national development. This ensures the legal security that rests on the strength of our institutions… We believe that institutionality constitutes a permanent challenge for the growth of companies and businesses, and that strengthening it contributes to the development of our country.”

"Let's join forces. At this stage, there are abundant opportunities to forge public-private partnerships that can make our development sustainable. And if this model has been successful in our country and our region, we must continue to promote it."