DR advancing re WTO

[NewsWhore]

The DR has fulfilled 31% of the requirements set out by the World Trade Organization (WTO). According to Jose Rivas, director of the International Commerce Division at the Customs Department (DGA), the WTO proposed 49 measures related to international trade that the DR had to address, of which the country has revised 31.22%. Among these agreements are article 5, 8 and 10 of the General Agreement on Trade and Tariffs (GATT), which related to transit rights, freight, publication and transparency. Of the remaining measures Rivas assures that 52.23% have been partially revised while 16% have not been revised. Rivas added that these measures are being discussed internally by over 100 WTO member nations. The need to revise these measures is stipulated in an agreement to phase out trade clauses granted under the 1947 GATT agreement, which were ultimately overridden by the 1995 WTO agreement.

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