ISDS Case Map
Dominican Republic
A short term delay before implementing the DR-CAFTA trade accord should not significantly affect investment plans in the country, according to the U.S. investment company, Bear Stearns.
Only eleven days before the scheduled date for entering the DR-CAFTA trade accord, officials doubt that the stipulated time slot will be met, because, according to them, the Dominican Republic is in no condition to render to new U.S. exigencies by July 1st.
Whether the nation is ready or not, the 800-page DR-CAFTA treaty, replete with new rules and regulations, is set to become reality for the country.
President Leonel Fernandez of the Dominican Republic will sign a number of official documents in Seoul, including a memorandum of understanding on guaranteeing bilateral investment.
Approximately 80% of the 4,000 firms that operate in the country are not prepared to compete in the framework of the Free Trade Agreement with Central America and Central America (DR-CAFTA).
The Dominican Chamber of Commerce and Production yesterday requested of the government to avoid postponing implementation of the Free Trade Agreement with Central America and the United States.
The possible postponement of the Free Trade Agreement with the United States and Central America (DR-CAFTA) would secure for the central government additional income of, at least, RD$2,350 million during the second half of this year.
One of the little understood aspects of the negotiations for an Economic Partnership Agreement (EPA) with Europe is that it requires the determination of which nations constitute the region.
The United States reportedly threatened to leave the Dominican Republic out of the Free Trade Agreement with Central America and the U.S. (DR-CAFTA), if local authorities do not accept other requirements aside from the original negotiation.
Education minister suggested this Tuesday that universities in the country should be subject of a revision of their respective curricula in light of the upcoming Free Trade Agreement with the Central America and the United States.
