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Santo Domingo.-  Dominican Republic will receive, when the economic association agreement signed with the European Union takes effect 289 million dollars in financial aid to improve competitiveness of its productive sectors and to adjust the economy to the challenges posed to exports to a market of 480 million consumers.

Foreign Relations minister Carlos Morales Troncoso said products such as bananas, rum, tobbaco, rice, sugar and cacao would enter free of tariffs and market quotas to the European Union, after the pacdt takes effect on January 1, 2008.

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9 comment(s)
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Written by: Escott, 19 Dec 2007 8:45 AM
From: Dominican Republic, Sosua/Cabrera
GREAT, more free money for polititians to steal!! How good can life get for some???
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Written by: juanb, 19 Dec 2007 10:36 AM
From: Dominican Republic
Someone needs to explain how more Jeepetas make us more competitive.
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Written by: dreadlocks, 19 Dec 2007 2:14 PM
From: United States
more tiresome news releases; we are going to receive 289 million in financial aid to MAKE US MORE COMPETITIVE!! I hope somebody takes the time to understand why we are not competitive before they start peeing the money down a hole. they dont need 289 million for that; some of the posters to this column will offer their observations free of charge, or, if not, for a nominal fee. hopefully, they will spend at least a portion of the money on research before they squander the rest on hummers for the faithful.
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Written by: cpone, 19 Dec 2007 4:34 PM
From: United States
^^ agreed!
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Written by: dimello, 20 Dec 2007 10:14 AM
From: Belgium
My opinion is that its all made by Europe to only make EU trading block stronger free tariffs on products such as rice, cacao, tobacco and etc. But i am also concerned zith the level of corruption in Dominican republic i wonder what part of 289 million would actually reach its target to help to improve competitiveness of its productive sectors.
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Written by: MrThelmoAlmeydaRancier, 20 Dec 2007 11:33 PM
From: United States, NJ
Trade deals are not finacial aids but commercial multi-lateral agreements, to my understanding.
I wish the author made up his mind on what he writes instead of contradicting himself.and leting the people believe it is a loan which is not, but preferencial commerce by lifting tariffs. I guess to
him it is all the same if it does not come from UK or the USA.
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Written by: dreadlocks, 22 Dec 2007 12:04 PM
From: United States
well said, Mr Thelmo Rancier. i have no idea what he is trying to say ,myself. and i am tired of these reports telling us how much money we are going to throw at a problem, rather than some idea of what initiatives will be taken.
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Written by: josean, 22 Dec 2007 12:13 PM
From: United States
Mr. Morales is an interesting pseudo Trujillista:

http://humanecaribbean.civiblog.o...._archives/2006/11/16/2451408.html
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Written by: Bonao, 22 Dec 2007 10:38 PM
From: United States
These cretas don't understand money. Watch by the Hurricanes RD goes in "DEBT" in 2015 like puerto rico then europe has to give money to RD to control there goverments.
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