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View Full Version : Removing tariff unlikely



NewsWhore
10-03-2006, 06:10 PM
The 0.4% tariff on the import of goods into the Dominican Republic should be removed because it is in violation of DR-CAFTA, according to a report in Diario Libre. The tariff is being considered by the Customs Department as a commission on the value of the goods entering the country, but in reality ends up being more like a regular tax. Though the government needs to change regulations as part of the DR-CAFTA agreement, it is not willing to give up the income derived from the tariff so there is speculation that the government will modify the law and change the tariff to a rate on the volume of the goods imported.

More... (http://www.dr1.com/index.html#3)