NewsWhore
06-29-2006, 03:11 PM
President Leonel Fernandez and President Chen Sui-bian of Taiwan have made progress in talks aimed at working towards a free trade agreement in 2007. The plan is to seek to establish a strategic economic and trade alliance that would allow for an increase in Dominican exports and a channel for Taiwan to penetrate the United States market. The Dominican Republic has a highly negative trade balance with Taiwan.
Taiwan has launched a "Co Prosperity" program in which it has allocated US$250 million for creating a fund that will benefit Taiwanese industrialists who invest in the Dominican Republic and Central American countries with which it is discussing individual free trade agreements. The fund would allow the Taiwanese government to stimulate its industrialists with a participation of up to 49 percent in their proposed investment projects of up to US$100 million in the participating countries.
During his visit to Taipei, President Fernandez agreed to support Taiwan's aspirations to become a member of multilateral organizations with full rights, including the United Nations. The Presidency reported that Shui-bian and Fernandez signed a note committing both nations to work towards consolidating democracy and better living conditions for their citizens.
President Fernandez also announced that Taiwan had pledged to donate US$50 million to the Santo Domingo Cyber park to be used for new buildings, technology services and the construction of a technology museum, as reported by the Presidency. Diario Libre reports that the resources would be invested in the creation of four centers specializing in research in the fields of biomedicine, biopharmaceuticals, nutritional biotechnology and cybernetic security, and the acquisition of land for the cyber park's expansion. Disbursement of the funds will begin this month with a US$20 million contribution.
Link To Original Article (http://www.dr1.com/index.html#2)
Taiwan has launched a "Co Prosperity" program in which it has allocated US$250 million for creating a fund that will benefit Taiwanese industrialists who invest in the Dominican Republic and Central American countries with which it is discussing individual free trade agreements. The fund would allow the Taiwanese government to stimulate its industrialists with a participation of up to 49 percent in their proposed investment projects of up to US$100 million in the participating countries.
During his visit to Taipei, President Fernandez agreed to support Taiwan's aspirations to become a member of multilateral organizations with full rights, including the United Nations. The Presidency reported that Shui-bian and Fernandez signed a note committing both nations to work towards consolidating democracy and better living conditions for their citizens.
President Fernandez also announced that Taiwan had pledged to donate US$50 million to the Santo Domingo Cyber park to be used for new buildings, technology services and the construction of a technology museum, as reported by the Presidency. Diario Libre reports that the resources would be invested in the creation of four centers specializing in research in the fields of biomedicine, biopharmaceuticals, nutritional biotechnology and cybernetic security, and the acquisition of land for the cyber park's expansion. Disbursement of the funds will begin this month with a US$20 million contribution.
Link To Original Article (http://www.dr1.com/index.html#2)