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Dominican Republic

’National Consensus Crucial for FTA’
3-Jul-2006
It is important to set up measures supporting those to be damaged by the free trade agreement (FTA) and induce national consensus to turn the FTA into a new growth engine, the president of the Dominican Republic said Saturday.
CAFTA implementation leaves some countries hanging by a thread
3-Jul-2006
While the machines on the factory floor whirred rat-a-tat-tat, textile maker Sergio de la Torre sat in his office and extolled what CAFTA will bring in the future: attention and foreign investment.
Accuse U.S. of violations regarding Free Trade
3-Jul-2006
The president of the Latin American Pharmaceutical Industries, Hochi Vega, accused Washington today of violating prior agreements instrumented for implementing the DR-CAFTA free trade accord.
Duty-free zone firms lose contracts with Free Trade delay
30-Jun-2006
Entrepreneurs from Santiago and the duty-free zones in the country are concerned about effects that would be brought about by a new postponement of the Free Trade Agreement between Central American and the United States (DR-CAFTA).
Dominican Republic may have ‘missed its opportunity’ to trade with Canada
29-Jun-2006
Dominican ambassador in Canada said he hopes that his country can join a multilateral trade deal with Canada similar to the one it already has with the U.S., but he worries that the Dominican Republic may have missed its opportunity.
The U.S. isn’t pressuring Dominican Republic, ambassador says
28-Jun-2006
United States ambassador Hans Hertell denied yesterday that his nation is making last minute for incorporating the Dominican Republic to the Free Trade Agreement in July, affirming that what the U.S. only expects is that the Caribbean nation complies with what it originally negotiated and signed.
Dominican Republic Wants In On Trade Talks
28-Jun-2006
Ambassador Eduardo Tejera hopes his country can join a multilateral trade deal with Canada similar to the one it already has with the U.S., but he worries that the Dominican Republic may have missed its opportunity.
Crucial week for Free Trade set to start on the 1st
26-Jun-2006
As of this upcoming weekend, the government faces two important challenges: Friday, June 30th is the last day for the legal standing of the 13% tax on imports, and on the next day, the 1st of July, the Free Trade Agreement (FTA) is scheduled to start.
Dominican delegation to propose creating adjustment funds in European negotiations
21-Jun-2006
The Dominican Republic, jointly with the other CARICOM (Caribbean) nations will propose to the ACP (Africa, Caribbean, Pacific) countries, creating structural adjustment funds to cover costs of the transition toward free trade, within the framework of negotiations with the European Union.
Bear Stearns doubts short delay onto DR-CAFTA would affect investment
21-Jun-2006
A short term delay before implementing the DR-CAFTA trade accord should not significantly affect investment plans in the country, according to the U.S. investment company, Bear Stearns.
Eleven days till Free Trade and doubts linger on
20-Jun-2006
Only eleven days before the scheduled date for entering the DR-CAFTA trade accord, officials doubt that the stipulated time slot will be met, because, according to them, the Dominican Republic is in no condition to render to new U.S. exigencies by July 1st.
Small farmers wary of CAFTA
20-Jun-2006
Whether the nation is ready or not, the 800-page DR-CAFTA treaty, replete with new rules and regulations, is set to become reality for the country.
Dominican president to visit Seoul
14-Jun-2006
President Leonel Fernandez of the Dominican Republic will sign a number of official documents in Seoul, including a memorandum of understanding on guaranteeing bilateral investment.
By 80%, Dominican firms cannot compete in Free Trade
13-Jun-2006 Dominican Today
Approximately 80% of the 4,000 firms that operate in the country are not prepared to compete in the framework of the Free Trade Agreement with Central America and Central America (DR-CAFTA).
Entrepreneurs request: "no further Free Trade delays"
8-Jun-2006
The Dominican Chamber of Commerce and Production yesterday requested of the government to avoid postponing implementation of the Free Trade Agreement with Central America and the United States.
Government to have an extra RD$2.35B income if Free Trade is delayed
7-Jun-2006
The possible postponement of the Free Trade Agreement with the United States and Central America (DR-CAFTA) would secure for the central government additional income of, at least, RD$2,350 million during the second half of this year.
Europeans seek integration of the Dominican Republic into the Caribbean
4-Jun-2006 Dominican Today
One of the little understood aspects of the negotiations for an Economic Partnership Agreement (EPA) with Europe is that it requires the determination of which nations constitute the region.
DR: New US exigencies for integration onto Free Trade
12-May-2006 Dominican Today
The United States reportedly threatened to leave the Dominican Republic out of the Free Trade Agreement with Central America and the U.S. (DR-CAFTA), if local authorities do not accept other requirements aside from the original negotiation.
DR-CAFTA expected to compel curricula revisions in universities
9-May-2006
Education minister suggested this Tuesday that universities in the country should be subject of a revision of their respective curricula in light of the upcoming Free Trade Agreement with the Central America and the United States.
Electricity crisis and high cost obstacle to TLC
6-May-2006
The ongoing electrical crisis and its high cost will adversely affect the production of groups looking forward to participate with their businesses in the United States, Dominican Republic and central America Free Trade agreement (CAFTA-DR), said Miguel Cocco, Custom’s Director General.