1996 – Page 71

Dominican milk producers traveled to Geneva, for negotiations to change the agriculture protocol signed by the Dominican Republic under the GATT. The revision seeks to establish a maximum quota of 28,000 metric tonnes for imports under the present 20% import duty and a maximum of 102 percent for imports in excess of that figure. The …

Read more…

In a time of macronomic stability, the Central Bank has announced that it will be injecting some US$20 million into the currency market. The Bank says that it can take this action because it is holding an excess of liquid reserves in view of the forthcoming election, an event that traditionally brings about fluctuations in …

Read more…

The Asociación Dominicana de Industrias Textiles y Fabricantes de Ropa de República Dominicana (Aditex-Asfarodom) has signed an agreement with the Instituto Dominicano de Tecnología Industrial (Indotec) to start a test laboratory to assist in making the textile more competitive in international markets. The laboratory will provide modern textile testing procedures for cloth samples and raw …

Read more…

Farmers in the Dominican Republic are affected by insufficient and scarce financing, the growth in production costs, the acute electricity crisis, the lack of technical assistance, research, “know how” transfer programs, and the great problem of marketing their products. The farmers are also receiving adverse effects from the globalization of trade, and the opening of …

Read more…

Codetel has announced that it is reducing the price of calls of up to two minutes from public telephones to RD$1.00. The company says that the measure seeks to assist those using public telephones for emergency calls. It also announced that the service known as Secretel will be available for Cibao Central (Santiago, Moca, Puerto …

Read more…

The nation’s president, Dr. Joaquín Balaguer, has passed to the Senate 14 conventions and bilateral agreements, including the financing for US$28 million (360 million pesos) from the World Bank for the building of an irrigation scheme. Also submitted for the approval of Congress, via the Senate, are the financing for 15 million Ecus (249 million …

Read more…

Re/Max International, one of the most important real estate firms in the United States is now operating in Santo Domingo. This was announced by Patrick Murphy and Hinya de Peña, the regional director and director of the Santo Domingo office. They both pointed to the volume of the Dominican real estate market. Remax in Santo …

Read more…

The ambassador of Chile in the Dominican Republic, Hugo Miranda, has proposed the signing of a bilateral trade agreement. He says that Chile has already signed agreements with Mexico, Colombia, Venezuela and Bolivia and is finalizing negotiations with countries in Mercosur. He said that they are interested in improving trade with the D.R. and foresees …

Read more…

On Wednesday, 17 April, the newspaper Listín Diario, published a report indicating that a study by The Economist Intelligence Unit Ltd. for the first quarter of the year states that foreigners are delaying making investments in the D.R. until the results of the election are known. The publication feels that the country will only grow …

Read more…

The Dominican Republic was the country in the Caribbean that showed the largest growth rate – 5%, according to a preliminary report from the Comisión Económica para América Latina y el Caribe (CEPAL). It attributes the dynamism of the Dominican economy to the foreign exchange generated by tourism, family remittances from overseas, and the industrial …

Read more…