2000News

NAFTA-parity could be effective 1 October 2000

The executive director of the Dominican Association of Free Zones, Jose Manuel Torres said that President Bill Clinton could sign the CBI Enhancement Bill on 22 May. The bill is expected to be passed this week by the US Congress. The textile parity bill would be effective 1 October. It would have a duration of eight years, that is through 30 September 2008. The DR would be one of the leading beneficiaries of the bill that eliminates export quotas.