Dolores Vicioso – Page 8256

Arturo Martínez Moya, a former president of REFIDOMSA, the Dominican Oil Refinery, contends that the country may have paid some US$80 million too much for its oil imports. He says that a report prepared by the Economy and Development Foundation commissioned by REFIDOMSA revealed that when compared with Shell’s purchases of oil in the Caribbean …

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Many economists and business leaders believe that the increase in tariff protection for eight agricultural items being sought by the Dominican Republic at the WTO is not the solution to the sector’s lack of competitiveness. They believe that rather than helping farmers, this measure will postpone important technological and structural improvements that are considered fundamental …

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The Dominican trade delegate to the WTO has submitted a report explaining that the country has taken the steps necessary to gradually remove exemptions in the way of import duties and tax holidays. They say that this is being done in keeping with WTO regulations which aim to abolish discriminatory trade treatment amongst its members. …

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Business consultants consider that the country should not continue to require import permits because this practice only renders the goods more expensive. They maintain, however, that the government must find some other ways to compensate for the competition resulting from the elimination of protectionist trade policies. Also, they consider that the government should ask importers …

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The World Trade Organization is concerned about the current dependence of Dominican foreign trade on a few commodities, especially textile products. At a multilateral meeting on the Dominican Republic in Geneva, WTO officials indicated that the country’s economy is in a very vulnerable position because it has failed to diversify its exports and markets. Even …

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