Dominican Republic Removes Restrictions for El Salvador

Dominican Republic provisionally lifted, until December 31, restrictions for Salvadoran products.

Friday, October 15, 2010

The Minister of Industry and Commerce of the Dominican Republic, Jose Ramon Fadul, announced on Thursday consensus by the Dominican Government to accept provisional certifications issued by the Ministry of Economy of El Salvador, so imports from that country benefit from preferential trade.

By letter addressed to the Finance Minister, Hector Dada, Mr. Fadul said that the measure is valid from 1 October first until December of this year, with no retroactive application or reassessments of goods in Customs and provided that, by January 1st , 2011, El Salvador complies with the subrogation of Law 460 on Reactivation of Exports.

He expressed the will of the Dominican Republic to maintain a conciliatory attitude towards Central American, while maintaining healthy competition among producers.

Last September a Salvadoran delegation headed by Foreign Minister Hugo Martinez and Finance Minister Hector Dada, visited Minister Fadul, who along with the Director General of Customs, Rafael Camilo, discussed the solution to the dispute arising from the bilateral agreement between the Dominican Republic and Central America.

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Dominica Lifts Restrictions to Salvadoran Products

January 2011

As consequence of El Salvador eliminating export incentives, the Dominican Republic will not impose further restrictions.

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 to Negotiate with CA

October 2010

The Dominican government said they are willing to negotiate with Central America the imposition of tariffs on 26 products from the Isthmus.

The Dominican Republic's Trade Minister, Ramón Fadul said in a statement that tariffs on Central American goods do not violate free trade agreements, but are part of safeguard mechanisms established in the treaties themselves.

C.A. Will File Lawsuit Against Dominican Republic

October 2010

The case before the World Trade Organization (WTO) is due to high tariffs imposed on products from the region.

Representatives from El Salvador, Honduras, Guatemala and Costa Rica, decided to file a lawsuit due to the "negative effects" for the region as a consequence of the measure taken by Dominican Republic.

El Salvador: Exporters Give Up Incentives

September 2010

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.

Dominican Republic trade authorities had indicated that they would retain duties on various Salvadoran products as a response to the protectionist policies El Salvador provides its exporters.

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