NewsWhore
04-02-2009, 07:40 PM
Last year the country was inundated by wire imported for the construction of the first Santo Domingo Metro line, and a large proportion was reportedly diverted for commercial use, Hoy reports today. According to newspaper sources, RD$252 million or US$7 million worth of wire was imported last year. The sale of part of the imported wire has led to a 30% decrease in sales for regular suppliers, who suspect that metro wiring was diverted to the general market and sold to construction project engineers. Traders are concerned that the construction of the second metro line recently announced by the government could bring a repeat of this situation of unfair competition. The traders say the government itself stands to lose, as the wiring is imported tax-free and the local suppliers who do pay taxes are now paying less as a result of reduced sales.
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