Selective liberalization

[NewsWhore]

According the World Trade Organization, the DR scores passing grades when it comes to market and trade liberalization. But the WTO points out that these changes in policy are selective as they are a result of the DR entering in agreements with the US (DR-CAFTA) and Caricom (EPA). The WTO has conducted three evaluations in the DR, once in 1997, 2002 and now in 2008. The WTO recognized that the DR has made multilateral trade a priority and is trying to integrate into the world economy. However, apart from the successes, the country still has many deficiencies in this area. The DR still receives preferential treatment from New Zealand, Russia, Norway, Japan, Canada, Australia and Switzerland, as well as having agricultural tariffs above the norm in certain cases.

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