Dominican and Central American business groups to track U.S. relations

Business leaders from across Central America, Panama, and the Dominican Republic have committed to revitalizing their regional agenda, focusing on strengthening ties with the United States, promoting economic integration, and facilitating investments. This initiative, spearheaded by the Federation of Private Entities of Central America, Panama, and the Dominican Republic (Fedepricap), seeks to navigate a complex global landscape marked by shifting trade dynamics, geopolitical tensions, and technological advancements.

Celso Juan Marranzini, president of the Dominican Business Council (Conep) and pro tempore president of Fedepricap, highlighted the region's current period of transformation. He emphasized the need for greater coordination among business organizations to capitalize on opportunities such as nearshoring, digital transformation, and the strengthening of regional supply chains. Marranzini stressed the importance of creating a platform for exchanging experiences, identifying common positions, and addressing critical issues including economic integration, trade, investment, relations with the U.S., education, talent development, artificial intelligence, technological transformation, and legal security.

During the assembly, the participation of Panama's business delegation was noted as a significant boost to the Federation's revitalization efforts. The group also expressed solidarity with Nicaragua's private sector, acknowledging the restrictions impacting business freedom and organizational operations there. The meeting included key figures such as César Dargam, executive vice president of Conep; Carlos Arias Bouscaryrol, president of Guatemala's Cacif; and José Luis Saca, president of El Salvador's Anep.

Discussions also touched upon the evolving relationship with the United States, particularly in light of recent trade developments. The group aims to present a united front to address challenges and leverage opportunities, fostering economic growth and stability within the region. The focus on issues like artificial intelligence and digital transformation signals a forward-looking approach to competitiveness in the global market.