2003News

Making it into Central American FTA?

Hoy newspaper headlines today that for the first time the Dominican Republic could be under consideration to participate in the Central American bilateral free trade agreement with the United States. A sort of hysteria took hold of the DR last year after the US announced that it would open FTA talks with Central America. Local manufacturers reacted by performing an about-face in Dominican trade negotiation schemes. Instead, they strove to acquiesce with US proposals, seeking to please the Americans so as to be included in the negotiations. Manufacturers feared a repeat of the disadvantageous situation created when Mexico joined NAFTA.