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Santo Domingo.- The Dominican government reiterated today that the country “met the requirements” and “is ready” to enter the Free Trade Agreement with Central America and the United States (DR-CAFTA), but that it decided to postpone entering free trade until next July. 

According to Francisco Javier Garcia, thanks to intense efforts to contact important economic and legislative sectors in the country and the United States to adhere to the commercial accord, the country gained broad support in economic and legislative sectors of the United States. 

This past wee, the Dominican government decided to postpone until July 1st entering free trade.

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COMMENTS
1 comment(s)
Written by: Jose Jimenez, 29 Dec 2005 9:22 AM
From: Santo Domingo
What the government has done...is have replaced a 13% tax...with a 16% tax...as it will relate to consumers...however when you add the oil based tax...this tax goes above 20%...

The DR desperately needs honest and knowledgible people in its government...

CAFTA = one time commissions for some politicians...replacement of a 13% tax with a 20% tax to consumers...and a $45 peso....
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