Associations in the Dominican farming sector today rejected some of the measures recommended by the International Monetary Fund (IMF) and requested from the government to establish a program to shore the sector up, prior to implementing the Free Trade Agreement (FTA) with the United States.
The Dominican Republic has until 15 November to approve reforms stipulated by the Free Trade Agreement with the United States and Central America (CAFTA-DR), or it will not be able to participate as of January 2006, the launch date for the accord.
The American Chamber of Commerce yesterday submitted to both chambers of Congress a number of administrative and legislative measures that the country should adopt, within the framework of the Free Trade Agreement with the United States and Central America (DR-CAFTA), while warning that all imported products must be treated with the same guidelines as local goods.
Dominican legislators overwhelmingly approved a free-trade agreement yesterday with the United States and five Central American countries - rejecting arguments that the pact would devastate the domestic sugar industry.
Puerto Rico’s trade with the Dominican Republic could double with the approval of Cafta-DR.
Dominican President Leonel Fernandez will visit the US next Monday to attend a meeting convened by President George W Bush to examine free trade agreements (FTA) together with several Central American counterparts.
Sixty-two Dominican organizations, integrated as Alternative Social Forum, will demand that the National Congress reject the FTA (Free Trade Agreement) with the United States, coordinators reported Monday.
The Bush administration has decided to exclude the Dominican Republic from the Central American Free Trade Agreement because the Dominican Republic has adopted a tax on products containing high fructose corn syrup, Senate Finance Committee Chairman Charles Grassley said.
The Bush administration is working to strip the Dominican Republic out of a wider free trade pact if the Caribbean nation does not repeal a recently implemented tax on soft drinks that affects U.S. exporters.
The U.S. government has suspended plans to ratify a free-trade agreement with the Dominican Republic after lawmakers passed a 25 percent import tax on corn syrup last week, a top U.S. official said Monday.
A U.S. lawmaker urged the Dominican president Friday to veto a 25 percent import tax on corn syrup, warning it could bring an end to a free-trade agreement between the two countries.
U.S. corn producers complained to U.S. Trade Representative Robert Zoellick after the Dominican Republic (D.R.) Congress decided to impose a 25% surcharge on imports of cheaper U.S. corn syrup for use as a sweetener.
The Dominican Republic will join a proposed free-trade pact with the United States and five countries of Central America known as CAFTA, US officials said.