NewsWhore
07-27-2007, 03:40 PM
Economy, Planning and Development Minister Temistocles Montas, speaking at a conference on DR-CAFTA and the future of the Dominican economy yesterday, said that the free trade agreement between the United States, Central America and the Dominican Republic should have a positive effect on the DR's economic growth and help reduce poverty, but warned that the country needs to continue reforming its policies to help that growth. Montas said that according to studies, the free trade agreement should add 0.63% to the growth in GDP and contribute to reducing poverty by 0.41%. Montas forecast that Dominican exports should increase by 3.8% in the next eight years, following the implementation of DR-CAFTA. Montas says that DR-CAFTA has increased the quality of economic policies, has brought stability to the process, has guaranteed judicial certainty, increased transparency and raised professionalism in government. Montas said that the hope is that the economy will grow at 7% and that by 2035 income per capita will be between US$9,000 and US$12,000.
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More... (http://www.dr1.com/index.html#4)