Santo Domingo.- The governments of the Dominican Republic, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and the United States, with the support the Inter-American Development Bank (IDB) and the cooperation of the Association of American Chambers of Commerce in Latin America (AACCLA) will hold meetings January 23 and 24, to promote a dialogue between the public and private sectors, aimed at make trade easier.
The Industry and Commerce Ministry’s Foreign Commerce Department (DICOEX) said the gathering will be held in Miami Biltmore Hotel and will serve as a platform to receive contributions and opinions on the nature and impact of the current obstacles in each DR-CAFTA region country and exchange points of view, as to how to confront them.
It said the Facilitation of Commerce is vital to take maximum advantage to market access, trade opening and economic opportunities to develop international trade agreements. “In spite of the trade opening which the DR-CAFTA offers, Dominican Republic, the countries of Central America and the United States continue facing significant obstacles in compliance with customs procedures, logistics framework and practical standards of quality and in markets objectives.”
In a statement Dicoex notes that to deal with this challenge, the Initiative to Facilitate Trade (IFT) was launched during the first meeting of the DR-CAFTA’s Free Trade Commission (CLC), held in El Salvador February last year.
It said the measure aims to identify priorities and better practices which the DR-CAFTA countries can adopt to implement programs and policies to boos trade and the systems in the supply b chain, so the economic agents can take maximum advantage of free that trade pact.