The country announced its decision to apply a 40% protection measure on sports socks and clothing for men, women and children on exports from China, USA, Hong Kong and Panama, among others.
On this situation, the head of the Panamanian trade ministry indicated that "it is regrettable that the Dominican Republic´s government has taken such a definitive protectionist measure against the Panamanian textile sector despite the Federal Government, through the General Department of Trade Defense Office of International Trade Negotiations (ONCI) appeared and upheld the administrative process before the Regulatory Commission of the Dominican Republic on the reasons why a manufacturing industry like Panama should not be subject to a safeguard measure, providing all the necessary information during the investigation process, which shows that exports from Panama will not affect this country´s industry."
Authorities in both countries are looking to improve the tariffs, which average around 17%, of more than 80% of export products.
Double taxation of products and the tariff situation are the main topics of the meeting to be held next week between the negotiating committee of the Ministry of Commerce and Industry of Panama and representatives from the Dominican Republic, with the aim of improving trade relations and increase trade.
The government succeeded in preventing Dominican authorities from applying temporary safeguard measures against Panamanian products.
On April 20th, the Dominican government started an investigation process, in order to apply safeguard measures against glass recipients from Panama. The process was started after a request from a Dominican corporation.