Close Gallery
Zoom Picture

SANTO DOMINGO.- Dominican Republic advances its negotiations with Canada and Taiwan to reach a Free Trade Agreement, revealed Industry and Commerce Ministry Foreign Trade director Yahaira Sosa on Wednesday.

"We are working in the creation of the Competitiveness Commission” to support the country’s productive sectors to take advantage of treaties such as DR-CAFTA with the US and Central America and the EPA with the European Union, as well as the other pacts in effect with several regional countries and blocs, the official said.

Interviewed by Miguel Guerrero on Digital 15, Sosa said the new TLCs in negotiations are geared toward spurring the international interchange in trade, investments and services.

She said the conflict surging with Costa Rica and El Salvador within the DR-CAFTA would be solved and stems from some measures that have been applied within that treaty, in which the United States also participates. "They are situations proper to trade interchange and different conjunctures at determined moments, but it’s not such a serious situation that it cannot be solved and we are working in that."

She added that the conflict with Costa Rica centers on a problem with electrical conductors, while El Salvador’s is around some measures it has applied which don’t adhere to World Trade Organization rules.

SOURCE: diariolibre.com

Share / Recommend this article: FacebookFacebook Digg thisDigg this del.icio.usdel.icio.us TechnoratiTechnorati YahooYahoo Facebook
COMMENTS
5 comment(s)
Written by: Atabey, 1 Sep 2010 11:50 AM
From: United States
Good news. Export growth depends on having a competitive environment and these pacts will help DR improve its overall competitive profile. When these nations and others begin to look at the DR as a worthwhile place to invest their capital in order to gain entry into the huge NAFTA and CAFTA_DR markets, this will bring added benefits for DR and her people. With a stable Haiti included the price competitiveness of this island combo will hopefully generate lots of export earnings, and diversifying their respective economies at the same time, for both DR and Haiti.
Written by: PuntaCanaMike, 1 Sep 2010 1:35 PM
From: Dominican Republic
All I can say...and nothing regarding the text...thank you as a Canadian living here for changing your stock photo of a crayon drawn Canadian flag...even if this one was pirated from an airline...vast improvement!
Written by: ZonaDominicana, 2 Sep 2010 3:16 AM
From: United States, Orange County, California
I wish the DR open up to trade and learn more about free trade and capitalism. The DR can take advantage of its cheap labor geographic location but, it needs improvement in securities, electricity, and political risk. Also the DR must remove trade barriers that are making the products more expensive for consumers.
Written by: abc200, 2 Sep 2010 9:45 AM
From: United Kingdom, Dominican Republic
Better to make sure terms of trade are right and develop local goods to substitute for imports.
Otherwise here today gone tomorrow factories etc. are encoraged and the costs to the people are great.
S.
Written by: Yucahu, 2 Sep 2010 12:25 PM
From: United States, Miami
DR needs to improve internal controls so that, electricity is cheaper and more reliable.
Improve internal consumption. Improve and increase it's exports. Renewable, solar and wind should also be the focus of the governments alongside more schools, more schools. Plus of course LESS HAITIANOS hahahahahaa!!!!!!!!!!!
Post Your Comment | Not a member? Create your account | Lost your password?
Write your opinion here. Please keep your comment relevant to this article. Please note that any comments which contain offensive language or discriminatory expressions may be edited/removed.
You must log in to post a comment:
Username Password