NewsWhore
04-03-2007, 06:10 PM
Ivan de Jesus Garcia, president of the Dominican Traders Federation (FDC) explained that the first thing that importers do when products arrive at the country's ports is to ask for the product's certificate of origin. De Jesus Garcia explained that this had never been an issue in the past, but a product's origin will now determine whether it is subject to taxes. He continued by saying that it is no secret that US businesses use products that are made in countries like China, but highlighted the fact that if at least 35% of the components are US-made, then the product will be allowed into the DR tax-free.
De Jesus Garcia finished by explaining that the public "was full of false expectations about the prices of basic family goods". He explained that many of these products are protected under the terms of DR-CAFTA and that products such as rice, milk, chicken, sugar, eggs, potatoes and onions will not go down in price for the next 15 to 20 years.
More... (http://www.dr1.com/index.html#8)
De Jesus Garcia finished by explaining that the public "was full of false expectations about the prices of basic family goods". He explained that many of these products are protected under the terms of DR-CAFTA and that products such as rice, milk, chicken, sugar, eggs, potatoes and onions will not go down in price for the next 15 to 20 years.
More... (http://www.dr1.com/index.html#8)