NewsWhore
04-16-2006, 11:10 PM
Senior Regional US Commercial Officer Michael McGee is optimistic that the implementation of the DR-CAFTA free trade agreement with the United States will increase bilateral trade by 30%. He used the experience of the start of the free trade agreement with Chile as a reference.
In an interview with Listin Diario, McGee said that at present trade between the two countries is at US$9.5 billion. He highlighted the fact that the agreement would serve to attract investment and generate new jobs in the DR. He said the agreement would boost investors confidence in the DR.
He mentioned that there are ample opportunities for increased trade in organic food production. Likewise, he commented that in the short term, the country needs to make the most of areas where it already has ample experience, such as apparel and farm products.
On the import side, he said DR-CAFTA would increase the variety of products available to consumers in the DR.
He added that the DR needs to improve the education of its people in order to be more competitive.
Link To Original Article (http://www.dr1.com/index.html#4)
In an interview with Listin Diario, McGee said that at present trade between the two countries is at US$9.5 billion. He highlighted the fact that the agreement would serve to attract investment and generate new jobs in the DR. He said the agreement would boost investors confidence in the DR.
He mentioned that there are ample opportunities for increased trade in organic food production. Likewise, he commented that in the short term, the country needs to make the most of areas where it already has ample experience, such as apparel and farm products.
On the import side, he said DR-CAFTA would increase the variety of products available to consumers in the DR.
He added that the DR needs to improve the education of its people in order to be more competitive.
Link To Original Article (http://www.dr1.com/index.html#4)