Dominican customs chief wary about DR-CAFTA
The director of the Dominican Customs Agency says he is leery about the impacts on the Dominican Republic-Central America Free Trade Agreement (DR-CAFTA) would have on domestic food producers and other industries.
Customs director Miguel Cocco said an increase in goods that are backed by government subsidies in the country of origin could create problems for Dominican companies, according to a report in Dominican Today.
'Massive imports of subsidized products could convert into an element of inequity for the country, because the other countries subsidize their articles and goods, but this is not the case in the Dominican Republic,' Cocco said. 'This is why we must be precautious. I'm not against the FTA, but we should be watchful.'
In addition to the U.S. and the Dominican Republic, the agreement includes Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua.
Dominican customs chief wary about DR-CAFTA
