1996 – Page 45

Several generating plants within the Corporación Dominicana de Electricidad (CDE) were rendered inactive by the winds spinning off from hurricane Bertha, thereby causing an electricity shortage. This was announced by the corporation’s administrator, Amilcar Romero, who explained that the situation was the reason for the recent power cuts. Many sectors of the city of Santo …

Read more…

The industrial free zones have maintained their growth in the first half of the year, with the start-up of 22 new companies which generated RD$207,961,644. The announcement was made by the executive director of the Consejo Nacional de Zonas Francas de Exportación, Acelis Angeles. She said that during the first six months the investment in …

Read more…

Roberto Saladin, an ex-governor of the Central Bank, has requested the Junta Agroempresarial Dominicana (JAD) to publish the levels of protection tariffs, item by item, with which the majority of the countries protect their agricultural and meat products, within the World Trade Organization (WTO) in the framework of the Uruguay Round (GATT 94). He pointed …

Read more…

Francisco Canahuate considers that the tariff of customs duties requires the unification of the three exchange rates, i.e. the Central Bank, the commercial banks, and the retail money exchanges. This would mean that the rates of duty on imports would be calculated at a constant rate. He suggests a base rate of RD$14.00 and not …

Read more…

The United States ambassador, Donna J. Hrinak, said that the commercial relationship between her nation and the Dominican Republic is increasing, and added that the proof is that last year the country’s commercial balance with the U.S. maintained the reciprocated growth which has characterized it over the years. She also indicated that commerce between the …

Read more…

Exports of agricultural products, including those considered as “traditional”, have overtaken the US$300 million mark in the first half of this year. According to the executive vice president of the Junta Agroempresarial Dominicana (JAD). Osmar Benítez, who says said that the volume can be regarded as “very considerable”. He added that if the coffee and …

Read more…

Exports to France have increased during the last two years to US$40 million, while imports reached US$70 million, making a deficit of US$30 million for the Dominican Republic. The French ambassador, Henri Vidal, says that the D. R. should take advantage of the facilities available under the Lomé IV Convention to increase its trade with …

Read more…

The Economist Intelligence Unit has revealed that in the middle of the electoral process the Dominican government apparently made strong efforts to try and get the U.S. Congress to approve a bilateral treaty with the D.R., which would reduce the trade barriers between the two countries. It indicated it is probable that in the agreement …

Read more…

The U.S. dollar has decreased by a uniform 11 points in the three local markets, after the presidential election on the 30 June. At the time it stood at RD$13.83, according to a report from the prices division of the Central Bank. It was interesting that the decrease was the same in the official market, …

Read more…

The British ambassador, Dick Thomson, said that more than 20 U.K. companies are interested in investing in the Dominican Republic and conducting business in several different areas. Mr Thomson also said that the British Government is willing to collaborate in different sectors, so that they may benefit from the U.K.’s experience in the privatization of …

Read more…