Experts warn Trump policy would have "concrete and immediate" effects economy RD
SANTO DOMINGO. If the United States Government policy is executed as proposed by its President Donald Trump, it would have e"concrete and immediate" facts in the Dominican economy especially in the , amount of debt with that country and in the remittances, warned yesterday the specialists who participated in the Fifth Business Forum who organized the Instituto Tecnológico de Santo Domingo (INTEC).
During the debate, which revolved around the theme "The Trump administration, a change in politics and international trade?" the expert in International Business, Iván Ogando, insisted that a devaluation of the Mexican peso would affect to the positioning of the Dominican Republic as tourist destinationAs Cancun, the main competitor, would become a cheaper destination, causing pressure on the Dominican Republic.
"The increase in interest rates in the United States Federal Reserve can be directly reflected in the cost of the debt with that country, which can occur in the very short term," said the also director of the Latin American Federation of Schools. of Social Sciences (FLACSO).
Ogando shared a panel with the Puerto Rican expert in International Trade, Emilio Pantojas; the analyst of international issues and human rights, Roberto Álvarez and the research professor of INTEC and director of the Dominican Observatory of International Trade (ODCI), Pavel Isa Contreras.
With regards to immigration policy, Álvarez added that there will be more deportations, and that cultural, in the legislation for granting Family Reunification Visas will cause a reduction at the entrance of remittances that will be noticeable in the next 5 to 8 years.
On the subject, the research professor of INTEC Pavel Isa Contreras I consider that Central America and the Dominican Republic No. they are seen as a competition for the United States and that, ultimately, "the region is not on Trump's radar."
Experts agreed to qualify as almost zero the possibility of there being a renegotiation of the Free Trade Agreement DR-CAFTA.
When referring to the case of his native Puerto Rico, Pantojas described Trump like a great threat especially for social welfare or federal aid programs, "Trump is not seen as an aid to Puerto Rico, not even as a stimulus," he insisted.
Faced with this scenario, the specialists agreed that the Caribbean countries should see Trump's threats as an opportunity to explore their export potential to Central America and the Caribbean, and to unite around a common project.
The activity was attended by academic and administrative authorities and students of Economics, International Business and the master's degree in International Trade from INTEC.
The Forum is an initiative of the INTEC Business and Economics Area and is organized on a quarterly basis as an open space for the presentation and discussion of issues of economic, social or interest content for academia, businessmen, entrepreneurs, the Government, the non-governmental organizations and politicians. Its main objective is to analyze current issues that impact the national economy.