Dolores Vicioso – Page 8266

Most business leaders and economists believe that the arrival of foreign investment in domestic banking will prove beneficial for the financial sector as a whole. Economists Carlos Despradel and Eduardo Latorre think that participation of foreign banks in the Dominican financial market could be an opportunity for the country to modernize its banking system because …

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Several associations of vehicle importers have requested the Dominican government to reduce import duties on new motor vehicles in order to make them more affordable by the general public. They also call for the introduction of more stringent regulations to keep run-down motor cars from entering the country because, as they put it, such vehicles …

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The private sugar mills have replaced the Consejo Estatal del Azucar (CEA) as the major exporter of sugar to the U.S. market from the Dominican Republic. While in 1994 the CEA exported some 129,000 tons, Central Romana, the largest private sugar factory in the country, exported 198,970 tons. As a result, the contribution to the …

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According to a report released by the National Council for Free Trade Zones (CNZF), Dominican exports of clothing to the U.S. market increased by 10 percent in 1995. The country exported some 34,795,683 dozens out of an allocation of 37,035,461 dozens. In 1994, the Dominican Republic exported 31,647,322 dozens, which is near to 10 percent …

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The government expressed its satisfaction with the U.S. House of Representatives’ decision to keep the current sugar system unchanged. A bill aimed at phasing out the American Sugar Program in five years’ time had been introduced in Congress as part of the new farming law. The bill, known as the Miller-Schumer Amendment, was defeated by …

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Camilo Lluberes and Pedro Jimenez, president and executive director of the Asociación para el Desarrollo de Microempresas (ADEMI), have told the news media that the European Investment Bank has lent US$13.6 million to their organization to encourage small business development. They stressed the important contribution made by ADEMI to the Dominican economy, especially in the …

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The government anticipates future exports of traditional and non-traditional commodities and minerals will increase at an average rate of 6.5 per annum. This forecast is contained in a report on the country’s trade policy submitted to the World Trade Organization by the Dominican authorities. The report also forecasts annual growth rates for free trade zones …

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The economists Andres and Elizabeth Dauhajre maintain that the Dominican government’s decision to seek import quotas on 8 agricultural items will not help the local farmers to become more efficient. They also believe that such quotas will force consumers to pay prices that are significantly higher than those prevailing in international markets for these foodstuffs. …

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