Competition from imported products are said to be the biggest challenge facing Dominican manufacturers and if this situation is allowed to continue, the country will plunge down a fiscal precipice.
That’s the warning from Severin Mc Kenzie, PRO of Dominica Manufacturers Association (DMA). He spoke at a press briefing on Friday.
“Dominican Manufacturers are experiencing many challenges, but the most significant is the competition from imported products. With an undeveloped manufacturing sector, Dominican manufacturers operate at a disadvantage when compared to their counterparts in the OECS and not to mention the wider CARICOM region,” McKenzie said.
According to him, lack of fiscal support for manufacturing is resulting in huge stock piles and significant reduction in production capacity for Dominican manufacturers.
“Manufacturers are stock piling large inventories of finished products and or producing below 50 percent of their full capacity, simply because imported products are given more prominence on the market and the fiscal support required to encourage the manufacturing industry is not forth coming,” he pointed out.
DMA and Dominica Arts and Craft Producers Association (DACPA), are calling on Dominicans to buy locally made products.