The Senate of the Republic signed in the bill the law that creates the Special Area for the comprehensive development of borders and a regime of stimulation for 30 years, which benefits seven provinces of that demarcation.
The legislative initiative provides that companies established in the provinces of Pedernales, Independencia, Elías Pina, Dajabón, Montecristi, Santiago Rodríguez and Bahoruco, benefit from a series of incentives for the development, in all areas, of these demarcations.
The initiative was declared urgent after a motion submitted by Senator Faride Raful, spokesman of the Modern Revolutionary Party (PRM) bloc, a request that was seconded by the spokesman of the People’s Force (FP) bank, Dionis Sánchez.
In the new legislation, which would replace Law 28-01, there are changes that have been agreed by all stakeholders, including the following: “Products, goods and services produced by companies covered by this law may be marketed throughout the country” .
To get the piece approved, the President of the Republic, Luis Abinader, met on Saturday, February 6, with lawmakers from his party and opposition, as well as senior officials, to agree on the bill.
The border incentives contained in the old law 28-01, which expires in the first week of February, and produced a confrontation between Alfredo Pacheco, President of the Chamber of Deputies and Faride Raful, spokesman for the Modern Revolutionary Party in the Senate of the Republic.
The meeting to obtain this consensus was also attended by the President and the mentioned legislators, the President of the Senate, Eduardo Estrella; Minister of Economy, Miguel Ceara Hatton; Jochi Vicente, of the Treasury; The director of internal taxes, Luis Valdez and Dionis Sánchez, spokesman for the Fuerza del Pueblo in the Senate, and José Bertico Santana, chairman of the Finance Committee of the Chamber of Deputies.