NewsWhore
07-24-2008, 04:40 PM
The National Free Trade Zone Council (CNZFE) has approved 18 new businesses, a possible investment of RD$3.9 billion, that will begin operating soon. The companies could generate an estimated US$25.4 million in revenue and will create 2,282 new jobs. Industry and Commerce Minister Melanio Paredes announced that the private sector will invest RD$629 million in building two new free trade parks. The parks could generate US$1 billion in revenue and will create an additional estimated 14,765 new jobs. The announcements come at a time when the Dominican Free Zone Association is urging the government to maintain subsidies, support a revision of the labor laws, enforce free transport of cargo, in order to rescue the sector that has seen the loss of thousands of jobs due to competition from China.
More... (http://www.dr1.com/index.html#5)
More... (http://www.dr1.com/index.html#5)