The Minister of Industry and Commerce of the Dominican Republic, Jose Ramon Fadul, announced on Thursday consensus by the Dominican Government to accept provisional certifications issued by the Ministry of Economy of El Salvador, so imports from that country benefit from preferential trade.
By letter addressed to the Finance Minister, Hector Dada, Mr. Fadul said that the measure is valid from 1 October first until December of this year, with no retroactive application or reassessments of goods in Customs and provided that, by January 1st , 2011, El Salvador complies with the subrogation of Law 460 on Reactivation of Exports.
He expressed the will of the Dominican Republic to maintain a conciliatory attitude towards Central American, while maintaining healthy competition among producers.
Last September a Salvadoran delegation headed by Foreign Minister Hugo Martinez and Finance Minister Hector Dada, visited Minister Fadul, who along with the Director General of Customs, Rafael Camilo, discussed the solution to the dispute arising from the bilateral agreement between the Dominican Republic and Central America.
Source: Ministerio de Industria y Comercio (República Dominicana)
More on this topic
January 2011
As consequence of El Salvador eliminating export incentives, the Dominican Republic will not impose further restrictions.
Dominican Vice Minister of Commerce, Mario Roger Hernandez, said the move responds to the approval of El Salvador's decree eliminating staring February 1st, the export incentive known as 'drawback'.
October 2010
The Dominican government said they are willing to negotiate with Central America the imposition of tariffs on 26 products from the Isthmus.
The Dominican Republic's Trade Minister, Ramón Fadul said in a statement that tariffs on Central American goods do not violate free trade agreements, but are part of safeguard mechanisms established in the treaties themselves.
May 2010
Dominican Republic agreed to enter an arbitration process with Costa Rica over a tariff conflict.
The Industry and Commerce Ministry of Dominican Republic issued a press release in which it agrees to the process, to “solve a conflict created by tariffs charged on Costa Rican electric conductors”.
July 2010
Costa Rica’s Minister for Foreign Trade met with her Dominican counterpart to explore solutions to the export tariff problems.
Since last year, Costa Rican electrical conductor exporters have been subject to import restrictions and denied preferential customs tariffs.
“The Costa Rican Ministry of Commerce (Comex) claims that this contravenes the free trade agreement signed between Costa Rica, the USA and the Dominican Republic,” writes Nacion.com.
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