The Central America-Dominican Republic Apparel and Textile Council (CECATEC-RD) recently launched a call to action to increase trade, investment and employment in the region covered by the Dominican Republic-Central America Free Trade Agreement (CAFTA-DR). The council underscored the importance of raising capacity by promoting more foreign investment in the region.
The council participants noted in a meeting that new opportunities to bring jobs and prosperity to the CAFTA-DR region have emerged due to changes in global supply chains, the impact of the pandemic and the interest of many brands and retailers to source near to the US market, according to media outlets in the Americas.The Central America-Dominican Republic Apparel and Textile Council recently launched a call to action to increase trade, investment and employment in the region covered by the Dominican Republic-Central America Free Trade Agreement (CAFTA-DR). The council underscored the importance of raising capacity by promoting more foreign investment in the region. #
The recent evolution of consumer behavior and the increased use of e-commerce also bring forth new opportunities for the US-Central America-Dominican Republic supply chain.
The private sector associations expressed that the agreement has important provisions, such as the short supply mechanism, which give the necessary flexibility for those needing to source materials not available in the region and would be open to review this mechanism to ensure it stays transparent, efficient and responsive to the needs of the supply chain.
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