2008News

FTA needs revisions

Several business leaders have pointed out the need for a revision of the Free Trade Agreement with Central America that was signed in 1999. Some business representatives asked for equal treatment on the grounds that the region is blocking the entry of Dominican products into the Central American trade area. Celso Marranzini suggested that some …
2008News

Wednesday sales

Radiocentro is advertising major sales on appliances with slight defects in its outdoor tents. Walid Attias Comercial has a one-day clearance sale at its Lope de Vega furniture store. La Cadena supermarkets are advertising apples for RD$24.95lb, watermelon for RD$6.95lb, green bell peppers for RD$12.95lb, yellow onions for RD$8.95lb, cauliflower for RD$9.95lb, potatoes for RD$8.95lb, …
2008News

FTZ get renovated

A total of RD$20 billion was invested in new free trade zone industrial parks during the Fernandez administration. These parks have generated US$366 million in revenue for the DR. According to Luisa Fernandez, executive director of the National Free Trade Zones for Exports Association, these FTZs have generated 47,388 new jobs for Dominicans. The breakdown …
2008News

ILO says DR doing better

The International Labor Organization (ILO) says that the DR has been taking measures to ensure that gender based discrimination at work is minimized, child labor is eradicated and workers are educated about their rights. Agustin Munoz, regional director for the Americas of the ILO presented the finding during the presentation of the “Implementation of the …
2008News

Paredes defends subsidies

Industry and Commerce Minister Melanio Paredes has continued his defense of the government’s subsidies programs, saying that spending RD$2 billion or RD$3 billion on subsidies is nothing as long as it is benefiting the consumer. Diario Libre reports that neither Paredes or Economy, Planning and Development Minister Temistocles Montas or Hacienda Minister Vicente Bengoa have …