Abinader and retailers highlight price controls in the face of global impact

Santo Domingo.– In an event that included the participation of President Luis Abinader, the president of the National Central of United Retailers (CNDU), Ricardo Rosario, assured that, despite the international impact generated by the conflict with Iran, in the Dominican Republic prices of essential products have remained stable thanks to the Government’s support for farmers and the maintenance of strategic subsidies.

While speaking at the closing of the Second National Retail Business Convention, Rosario highlighted that the State has allocated resources for fertilizers and has maintained subsidies on fuels, avoiding increases in the basic basket and guaranteeing supply at the main points of sale in the country. The leader stated that these actions have allowed the protection of more than a million families beneficiaries of social programs, while maintaining the balance in food prices of greatest consumption. He indicated that retail trade continues to be a key pillar in national distribution, by ensuring the population’s access to basic products without significant alterations in their costs. He also reported that, as part of the agreements with distributors, the price of chicken will be reduced to 53 pesos in Gran Santo Domingo, a measure that will also be extended to the Eastern region. Finally, he reiterated the willingness of the retail sector to continue collaborating with the Government in the consolidation of purchases, the formalization of SMEs and the strengthening of colmados as the main channel to guarantee fair prices to the population.

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Mandatory reaffirms commitment to continue working in unity with all sectors

In the act, President Abinader reaffirmed his commitment to continue working in unity with all sectors of the country to mitigate the effects of international crises and ensure that the Dominican Republic maintains its pace of economic growth. The president recalled that his administration has faced complex scenarios, such as the pandemic, the inflation derived from the invasion of Russia to Ukraine, natural events and the current international uncertainty, considered one of the most difficult of the last decades. The Head of State highlighted that the key to overcoming these situations has been the coordination between the Government, civil society, producers, and merchants, which has allowed reducing the impact of each crisis and turning the country into a regional benchmark. In that sense, he informed that the Dominican economy registered a growth of 4% during the first quarter of the year and assured that the authorities are working to prevent the international situation from affecting that performance.

Upon concluding his words, the president maintained that, regardless of global storms or crises, the Dominican Republic will continue to move forward if it maintains unity, joint work, and determination to continue growing for the benefit of all Dominicans.

Sector represents approximately 11% of the commercial gross domestic product

The Minister of Industry, Commerce and Mipymes, Eduardo Sanz Lovatón, also participated in the activity, who highlighted the importance of retail trade in national economic development, pointing out that this sector represents approximately 11% of the commercial gross domestic product. He also reported that the Ministry is promoting a formalization plan to reach 350,000 mipymes registered by the year 2028, after having already formalized more than 54,000 businesses. Sanz Lovatón explained that formalization opens the doors to financing, investments, and new opportunities for thousands of merchants throughout the country. In addition, he highlighted the measures implemented to maintain stability in times of crisis, such as credit fairs with preferential rates, the strengthening of funds for Promipyme and the subsidy for fertilizers, which has contributed to maintaining more stable prices on essential products. The minister also cited recent economic indicators that reflect the country’s dynamism, including the best month of exports recorded in March, the sustained increase in manufacturing, and economic growth exceeding 5 %. According to him, these results have even motivated the upward revision of projections by international organizations for 2026 and demonstrate the positive impact of the public-private partnership to continue driving national development.

They value President Abinader’s support for the national retail sector

Likewise, the president of the Cooperativa de Ahorro, Crédito y Servicios Múltiples Detallistas Unidos (Coopenadu), Fellito Luna, highlighted the union between the commercial and productive sectors to face international crises and maintain the country’s economic stability. Similarly, he valued the leadership of President Luis Abinader in situations such as the pandemic and international conflicts that have impacted the world economy, and asked the president to continue supporting the sector to continue guaranteeing economic stability in the country. On his part, the president of the General Warehouse Confederation of the Argentine Republic (CGA), Daniel Acuña, highlighted the support of President Abinader and his team for local commerce, emphasizing that this sector maintains direct contact with the communities and knows the needs of the population up close. He also expressed his willingness to strengthen cooperation and the exchange of experiences between Argentina and the Dominican Republic.

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They deliver recognitions

The delegation of the General Warehouse Confederation of the Argentine Republic (CGA) presented a recognition to President Luis Abinader as a sign of appreciation and institutional support, reaffirming the bonds of friendship and cooperation that unite the Argentine Republic and the Dominican Republic. Likewise, the National Central of United Retailers (CNDU) awarded a recognition to the President of the Republic, Luis Abinader, for his contributions and institutional support in the consolidation and development of retail trade in the Dominican Republic. In the activity were present the administrator of the Banco Agrícola, Fernando Durán; the director of Merca Santo Domingo, Sócrates Díaz; the manager of the program “From the Field to the Grocery Store”, José Alexander Cruz González; the president of the Dominican Federation of Merchants, Iván García; the ambassador of Argentina in the Dominican Republic, María Sandra Winkler, and the vice president of the CGA delegation, Fernando Savore.