Lecture on CAFTA and Its Impact on Dominican Republic

Robert Wood, Director of Country Risk for Latin America from the Economist’ Intelligence Unit delivered a lecture on CAFTA and its impact in the Dominican Republic

In Mr. Wood’s lecture delivered in FUNGLODE’s headquarters in Santo Domingo on April 1st, he noted the potential impacts of CAFTA in various sectors in the Dominican Republic . He provided an overview of those potential positive impacts, including an increase in foreign investment, transfer of technology and know-how, increased competitivity and an improvement on training, among others.

Therefore, he commented, "if the Dominican Republic stays out of the treaty, it could lose positive advantages offered by the US market". As part of his lecture, Mr. Wood also provided a detailed overview of the
predictions for the global economy and its consequences on the Dominican Republic . On this subject, he explained that the advantageous and positive progress the world economy has been experiencing in the last years, could slow down in the future due to a series of factors. However, he argued, the global economy will continue growing at moderated pace, predicting a 3.5% grow for Latin America .

Mr. Wood’s conference is part of an agreement between FUNGLODE
and The Economist-Intelligence Unit which plans to host two conferences per year with experts from the prestigious institution.

Review Mr. Robert Wood’s presentation >>