Weekly Report - 1 May 2014 (WR-14-17)

DOMINICAN REPUBLIC | Concerned about Cafta-DR. The president of the senate, Reinaldo Pared Pérez, announced this week that the senate had decided to form a special commission to analyse the effects that next year’s entry into force of the industrial and agro industrial chapter of the US-Central America-Dominican Republic Free Trade Agreement (Cafta-DR)’s would have on the domestic economy. This will take effect in January 2015 and result in the immediate liberalisation of 97% of all industrial products traded between the signatory countries. Various Dominican economists have expressed concern that these could negatively impact the manufacturing sector, which is considered to be ill-prepared to compete.

End of preview - This article contains approximately 293 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

• Subscribe
• Sign up for a one-time, 14-day trial