NewsWhore
10-05-2006, 03:10 PM
The country's entry into DR-CAFTA will have to wait until the Office of the United States Trade Representative revises fundamental Dominican laws that regulate the purchasing and contracting of goods and services by the state, industrial property, Law 322 and Regulation 578 which establish that foreign companies must be associated with one or more Dominican companies to take part in tenders or other methods of contracting in the DR. Foreign participation in this type of consortium cannot exceed 50%, however, depending on the technical complexity of the projects this percentage may increase to 70%. The information was disclosed by Industry and Commerce Minister Francisco Javier Garcia, who said that these laws have not been returned by Washington, where they are being studied by the Office of the US Trade Representative.
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