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Honduran business community demands conditions for confident investment

The Tegucigalpa Chamber of Commerce and Industry (CCIT) voiced its worry about what it sees as governmental rhetoric that casts a negative light on the top entrepreneurs in the country, amidst increasing strain between the private sector and the government. The announcement, released this week, cautioned about the potential impact of this discourse on investment, job creation, and economic steadiness in Honduras.

The announcement occurs in a political landscape defined by ongoing disputes between economic stakeholders and the governing party regarding the function of private businesses in national progress and their connection with the government’s fiscal and social strategies.

Business associations denounce stigmatizing narrative

In an official announcement, the CCIT voiced its objection to the allegations regarding what it refers to as “centralized private business,” which, as per the organization, are fostering a climate of distrust that might jeopardize the stability of numerous employments.

Rafael Medina, the Executive Director of CCIT, stated that large enterprises should not be blamed for the nation’s structural challenges. “Entrepreneurs are not responsible for the country’s lack of progress. Rather, they are the ones who provide numerous jobs and chances for Honduran families,” he mentioned.

Medina stated that businesses are essential for gathering taxes, enhancing exports, and encouraging initiatives in social responsibility related to food and energy. He believes that undermining the productive sector poses a threat to economic balance.

Call for a common agenda of solutions

Besides denying the allegations, the CCIT called on the authorities to resolve the conflict and create opportunities for discussions centered on technical resolutions to the fiscal, economic, and societal issues the nation is encountering.

“The nation requires connections, not divides,” the business association stated, highlighting the necessity for an inclusive dialogue that fosters advancement towards a framework of sustainable growth and increased social unity.

The declaration by the CCIT reflects comparable views recently shared by other trade groups, international bodies, and civil community members. They have voiced worries about what is perceived as an increasing societal rift encouraged by certain sectors within the political establishment.

Conflicts among industries and obstacles for institutions

The stance of the CCIT signifies a pivotal moment in the dynamics between organized commerce and the government, especially as the nation contends with structural difficulties like recovering the economy after the pandemic, combating poverty, and strengthening the rule of law.

The remarks from the business group underscore the importance of restoring frameworks for dialogue and consulting in a political environment marked by division and skepticism. Experts believe that the challenge will be to maintain open lines of communication without letting ideological differences hinder the achievement of agreement on crucial matters for the country’s progress.

By Enma Woofreis