NewsWhore
06-14-2007, 03:00 PM
Clave Digital focuses on the dispute between the People's Republic of China and Taiwan for the DR's favor. It mentions that trade is increasing with both countries. The DR exported US$23 million to China in the first quarter of the year, or up by 152% compared to US$9 million in 2006. This was because of significant increase in ferronickel (US$22 million) exports, as well as the export of iron, aluminum and plastic scrap to China.
Exports to Taiwan have also been growing, from US$1.8 million in 2001 to US$12.7 million in 2006. The DR exported electric components to Taiwan, primarily US$438,568 in computer parts and iron scrap. The DR imported US$255 million from Taiwan in 2006, and exported US$3 million.
The report explains that the Dominican government has maintained good relations with both countries. Meanwhile, Taiwan is working towards the signing of a free trade agreement with the DR. Yuen-Chuan Chao, president of the Board of directors of the Taiwan External Trade Development Council (TAITRA) says that while no date has been set for the signing of the free trade agreement, "we trust it will be in the very short term." He mentioned that DR and Taiwan delegations would meet in July for a second round of negotiations leading to the bilateral free trade agreement. During the meeting the conditions for market entry and services sections of the treaty will be discussed. James Hsin-hua Wu, deputy director of the Taiwanese Ministry of Economy's foreign trade office said that he trusted that the agreement could be completed no later than the start of 2008.
Taiwan Vice President Lu Hsiu-lien is expected in the Dominican Republic in early July for continued talks on DR-Taiwanese cooperation. This visit comes in the wake of statements by Costa Rica President Oscar Arias who said that Taiwan had been "stingy" with its aid for neighboring Haiti.
More... (http://www.dr1.com/index.html#6)
Exports to Taiwan have also been growing, from US$1.8 million in 2001 to US$12.7 million in 2006. The DR exported electric components to Taiwan, primarily US$438,568 in computer parts and iron scrap. The DR imported US$255 million from Taiwan in 2006, and exported US$3 million.
The report explains that the Dominican government has maintained good relations with both countries. Meanwhile, Taiwan is working towards the signing of a free trade agreement with the DR. Yuen-Chuan Chao, president of the Board of directors of the Taiwan External Trade Development Council (TAITRA) says that while no date has been set for the signing of the free trade agreement, "we trust it will be in the very short term." He mentioned that DR and Taiwan delegations would meet in July for a second round of negotiations leading to the bilateral free trade agreement. During the meeting the conditions for market entry and services sections of the treaty will be discussed. James Hsin-hua Wu, deputy director of the Taiwanese Ministry of Economy's foreign trade office said that he trusted that the agreement could be completed no later than the start of 2008.
Taiwan Vice President Lu Hsiu-lien is expected in the Dominican Republic in early July for continued talks on DR-Taiwanese cooperation. This visit comes in the wake of statements by Costa Rica President Oscar Arias who said that Taiwan had been "stingy" with its aid for neighboring Haiti.
More... (http://www.dr1.com/index.html#6)