2007News

Petrol changes

Hacienda Minister Vicente Bengoa announced the renegotiating of the PetroCaribe agreement with Venezuela. Bengoa said the government will be financing 50,000 barrels per shipment, up from 30,000 barrels. The modification comes after petrol prices have increased. Vicente Bengoa, Hacienda Minister, is in Venezuela negotiating the increases and was not able to give a timetable for …
2007News

Seven metal exporters authorized

The Center for Export and Investment (CEI-RD) announced that seven of 19 metal exporters have been licensed to continue exporting metal scraps, as reported in Hoy. The authorized companies are Alejandro Valdez Marmolejos, Exportadora de Vegetales Dominicanos, Reciclaje Unimer, Pisos y Techados, Torginol, Aluminio Nacionales and La Contreras. The decision comes in a government effort …
2007News

JCE okays Candelier

The Central Electoral Board (JCE) yesterday authorized the Partido Accion Popular (PAP) to run in the May 2008 presidential election. The party has nominated retired Major General Pedro de Jesus Candelier for President. Candelier made a reputation for himself as a strongman when appointed to the Forestry Department during a former President Balaguer administration. He …
2007News

EPA’s need work

Import Representatives from Liquors and Wines (RIVLAS) have voiced their opposition to the proposal by the Caribbean Regional Negotiating Machinery that would exclude whiskeys and wines from liberalization under the Economic Partnership Agreement (EPA) that Caricom is negotiating with the European Union. Officials from RIVLAS say that excluding spirits would contradict the treatment that whiskeys …
2007News

Increasing export quality

The Center for Export and Investment (CEI-RD), Industry and Commerce and National Department for Quality Control (SEIC) are introducing the Certification System for Exporting Companies Program,” that will include the participation of 18 companies throughout the DR. The program looks to standardize and adopt export norms in line with international standards of exportation. This is …