NewsWhore
02-22-2007, 03:20 PM
The Ministry of Industry and Commerce has announced that the conflict over fuel transportation between the Dominican government and Chevron Caribbean has been resolved. Two resolutions issued by the Ministry of Industry and Commerce had put the implementation of DR-CAFTA on hold after the government's resolutions were contested by the US company. Minister Francisco Javier Garcia said that the resolution clears the way for the country's entry into DR-CAFTA. He explained that Chevron Caribbean has postponed their transport optimization program that calls for gradual use of their own vehicles to transport their fuel until 2008. Chevron also agreed to gradually introduce its own ships.
Garcia forecast that new investments would come with the implementation of DR-CAFTA. "The fact that a country has a FTA with the United States is a guarantee for any investor to come to that country where the rules of the game will be sufficiently clear and judicial security will be ensured," stated the minister.
More... (http://www.dr1.com/index.html#3)
Garcia forecast that new investments would come with the implementation of DR-CAFTA. "The fact that a country has a FTA with the United States is a guarantee for any investor to come to that country where the rules of the game will be sufficiently clear and judicial security will be ensured," stated the minister.
More... (http://www.dr1.com/index.html#3)