ISDS Case Map
Dominican Republic
Dominican president Leonel Fernandez today presented his country as a "springboard" for Japanese products to enter the United States duty free.
It is important to set up measures supporting those to be damaged by the free trade agreement (FTA) and induce national consensus to turn the FTA into a new growth engine, the president of the Dominican Republic said Saturday.
While the machines on the factory floor whirred rat-a-tat-tat, textile maker Sergio de la Torre sat in his office and extolled what CAFTA will bring in the future: attention and foreign investment.
The president of the Latin American Pharmaceutical Industries, Hochi Vega, accused Washington today of violating prior agreements instrumented for implementing the DR-CAFTA free trade accord.
Entrepreneurs from Santiago and the duty-free zones in the country are concerned about effects that would be brought about by a new postponement of the Free Trade Agreement between Central American and the United States (DR-CAFTA).
Dominican ambassador in Canada said he hopes that his country can join a multilateral trade deal with Canada similar to the one it already has with the U.S., but he worries that the Dominican Republic may have missed its opportunity.
United States ambassador Hans Hertell denied yesterday that his nation is making last minute for incorporating the Dominican Republic to the Free Trade Agreement in July, affirming that what the U.S. only expects is that the Caribbean nation complies with what it originally negotiated and signed.
Ambassador Eduardo Tejera hopes his country can join a multilateral trade deal with Canada similar to the one it already has with the U.S., but he worries that the Dominican Republic may have missed its opportunity.
As of this upcoming weekend, the government faces two important challenges: Friday, June 30th is the last day for the legal standing of the 13% tax on imports, and on the next day, the 1st of July, the Free Trade Agreement (FTA) is scheduled to start.
The Dominican Republic, jointly with the other CARICOM (Caribbean) nations will propose to the ACP (Africa, Caribbean, Pacific) countries, creating structural adjustment funds to cover costs of the transition toward free trade, within the framework of negotiations with the European Union.
