NewsWhore
06-25-2007, 07:00 PM
The DR-CAFTA agreement includes the possibility that when a Dominican business or industry feels threatened by a massive import of a product, they can call for an investigation to protect their interests. According to El Caribe, the safeguard measures include a temporary halt to imports of any product that is considered a threat or if it damages a local sector. Such emergency measures are contained in Chapter 8 of the agreement. This chapter deals with an adjustable mechanism that permits a respite period for local producers who have to work with new international trade conditions or very aggressive commercial operations. Unfair trade practices are also taken into consideration, and offenses such as dumping are not to be permitted. International trade conflict specialist Velia Govaere said that while the Dominican Republic has not yet had these experiences, it would certainly face them as DR-CAFTA progresses. She pointed out that Costa Rica has already sought protection under the statute with regard to the importation of used clothes.
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More... (http://www.dr1.com/index.html#3)