Dominican Republic Suspends Wire Imports from C.A.
The Government ordered a temporary suspension of wire and cable imports from Central America.
Monday, September 7, 2009
Dominican Republic's Treasury Secretary announced they will gather the administrative council for the Central American FTA, to define what is considered as a 'special fiscal regime'. Dominican industrial businessmen have complained about wire imports from Costa Rica that don't comply with the FTA rules of origin.
After two years of decline, the sector's exports in 2013 amounted to $262 million, an increase of 7% compared to 2012.
Officials are urging farmers to use quotas to avoid pushing the price of raw materials up further.
The Instituto Costarricense de Electricidad has put out to tender the acquisition of cable and materials for the reconstruction of a transmission line.
From January 2010 to October 2011 $232.4 million worth of mobile devices have been imported.
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