2007News

DR-CAFTA Summit

President Leonel Fernandez, who is on a US tour, announced the hosting in Santo Domingo of a DR-CAFTA Summit with the participation of the United States, El Salvador, Guatemala, Honduras, Nicaragua, and Costa Rica, signatories of the agreement, to evaluate first year results of the free trade agreement. The meeting would be held at the …
2007News

Expatriates urged to propel development

The executive director of the National Competitiveness Council, Andres van der Horst Alvarez has challenged Dominicans living abroad to encourage trade and development in their home countries, as expatriates have done for Ireland, Korea, Chile, Taiwan and Singapore. Van der Horst Alvarez was speaking during a panel discussion on DR-CAFTA, Trade and Investment, and Exports …
2007News

Dominican products benefit with DR-CAFTA

Hoy writes that Dominican beauty products are benefiting from the DR-CAFTA agreement. According to information provided by the Center for Exports and Investment (CEI-RD), in 2005 exports of Dominican beauty products were valued at US$2,876,275 while in 2006 exports had increased to US$3,319,502. Products like conditioners, shampoos, relaxers, highlighters, straighteners, vitamins and rinse are being …
2007News

Mining continues to grow

Octavio Lopez, director of Mining at the Ministry of Industry and Commerce, says that the Dominican mining sector grew by 126.7% in the first half of this year. Lopez made his comments during the Inter-Governmental Forum on Mining, Minerals, Metals and Sustainable Development that took place in Switzerland. Lopez highlighted the strength on the sector …
2007News

Drug busts

The National Drug Control Department (DNCD) and the Drug Enforcement Agency (DEA) seized a 200-kilo shipment of cocaine yesterday that was dropped from a small plane into the Bahia de Ocoa. DNCD spokesman Roberto Lebron says that the shipment was dropped from a Cessna airplane. The drugs were picked by the US Coast Guard, after …