DR-CAFTA office

[NewsWhore]

The Ministry of Industry and Commerce will set up an advisory office for DR-CAFTA tofor businesspeople and government so that new legislation and ventures comply with DR-CAFTA rules and regulations. Industry and Commerce Minister Francisco Javier Garcia specified that this office would be responsible for reviewing all bills prior to these being sent to Congress to make sure these are in harmony with DR-CAFTA to avoid fines for violations as stipulated in the treaty. Garcia mentioned the recent modifications to the fiscal reform which called for taxation of imported vehicles, but once it was determined that it was in conflict with DR-CAFTA it had to be modified before it was approved. Garcia says that this was the last obstacle to the country's entry into DR-CAFTA and that it is now just a matter of time before the free trade agreement with Central America and the US comes into effect.

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