Commercial Differences of Dominican Republic and El Salvador Unresolved
Despite DR-CAFTA, the Dominican Republic has retained customs duty on various Salvadoran products.
Friday, August 27, 2010
The Dominican Republic's director of Foreign Trade, Yahaira Sosa, indicated that the measures taken are a response to subsidies paid by El Salvador's government to its exporters.
As consequence of El Salvador eliminating export incentives, the Dominican Republic will not impose further restrictions.
The case before the World Trade Organization (WTO) is due to high tariffs imposed on products from the region.
The Dominican government said they are willing to negotiate with Central America the imposition of tariffs on 26 products from the Isthmus.
Ten Salvadoran companies exporting to the Dominican Republic have agreed to forego the 6% subsidy in order to solve the trade issue between the countries.
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