Government wants more imports

[NewsWhore]

Industry and Commerce Minister Jose Ramon Fadul said the government would stimulate imports so that increased competition force price reductions on the local market. Fadul said that the profit margin is much too high for some commercial sectors, considering that the price of fuel has dropped considerably. Rice, beans, meat and cheese are among some of the products the government is concerned about, according to the Minister. Fadul's comments were supported by reports that President Leonel Fernandez met with members of the commercial sector and agricultural producers to discuss how to reduce prices of basic foods. Though the commercial sector agreed to continue producing foods at market prices Fernandez promised to continue following up on developments in the nation's productive sectors.

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