2004News

Consumer law encounters opposition

The business community is fighting the proposed Consumer Protection Law tooth and nail, according to El Caribe, and the various business groups have suggested more than 30 changes to the legislation. All of this comes after more than six years of languor at the bottom of the legislators’ drawers, and after more than a year of talks with the different sectors of the Dominican economic scene. The Young Business Association (ANJE) and the CONEP organization as well as the Dominican Banking Association, have objected to the inclusion of taxes in the price of sale items, to the limitation of putting prices exclusively in Dominican pesos and the fact that the Pro Consumer unit will conduct cost studies on the basic necessities in order to determine the causes of the price fluctuations. Their arguments are based on free enterprise and free convertibility of the currency.