Dominica Lifts Restrictions to Salvadoran Products
As consequence of El Salvador eliminating export incentives, the Dominican Republic will not impose further restrictions.
Thursday, January 20, 2011
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'.
Dominican Republic provisionally lifted, until December 31, restrictions for Salvadoran products.
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.
The case before the World Trade Organization (WTO) is due to high tariffs imposed on products from the region.
Despite DR-CAFTA, the Dominican Republic has retained customs duty on various Salvadoran products.
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