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Industrialists: Products have not gone down due to electricity costs

They favor accelerating invitation by CNS regarding salary increase

SD. Faced with the demand by different organizations, both commercial as well as consumer, that the industries apply the reductions in prices to their products that they have been receiving in their production costs due to the reduction in the price of oil, the president of the Association of Industrial Enterprises of Herrera (AEIH), Antonio Taveras, said that this country has a market economy, where it is understood that competition should set the prices.

"We have a situation, and it is that the electricity bill is a very important component in production, and the electricity bill has not gone down, nor is it going to go down, because, what the government has done, as you know, is reduce part of the subsidy that it has been granting the generators," said the businessman, as he offered the reasons why the industrialists have not lowered their prices.

In addition, he added that markets do not react as fast as petroleum is going down in price, and he indicated that here there is an agency, which is Pro - Competition, that should be functioning, and that could be an arbiter so that there is greater competition and fewer cartels in the economy.

The price of oil has gone down more than 50% in the last 6 months on the international market and fuels in the Dominican Republic have gone down about 25%, but the products of the basic food basket has stayed the same or gone up, with the exception of a few that have showed slight reductions.

Salaries


Also, the recently sworn -n president of the Association of Industrial Enterprises of Herrera (AEIH), said that the viewpoint of this organization is that the process regarding salary discussions should be accelerated so that there is a salary increase.

"However we have said that this increase should not bring inflation, and cannot bring an imbalance in the companies and we issued a call for good judgment and that both sectors, the businessmen as well as the workers, sit down to discuss this with reality, and produce an increase where the acquisition power of the workers can grow," he said.

The proposal for a 30% salary increase for the workers has been deposited in the Ministry of Labor for several months, and although the National Salary Committee (CNS) met last 14 January to reach agreements regarding this increase, the session was not held, because the employers still had not selected their representatives before the tripartite agency.

The importance of innovating

The Association of Industrial Enterprises of Herrera and the Province of Santo Domingo held its first Business Breakfast of this year on the issue "The two faces of Innovation: Differentiation versus Programmed Obsolescence", with the participation of Walker Sterling and Ricardo Cañas, expert consultants in Innovation, Quality and Business Leadership. The president of the AEIH said that Innovation is an issue of vital importance for the future of the country.