By: Wallis Pons

TRIBUTARY

On March 31, 2008, the General Customs Office (Dirección General de Aduanas – DGA) eliminated the ten percent (10%) charge of the CIF value in dollars, which affected the authorizations to re-embark. The reason for this abolition was that said fee violated the Free Trade Agreement between the United States, Central America and the Dominican Republic (DR-CAFTA).

This charge was applied to all goods that entered the country and declared as a consumer good.

 

RIGHT OF COMPETITION

The Official Gazette No. 10458 dated January 25, 2008 published Law No. 42-08 on the Defense of Competition in fulfillment with the Dominican Republic’s obligations under the Free Trade Agreement between the United States, Central America and the Dominican Republic (DR-CAFTA).

The purpose of this law is to promote the reduction of prices and the efficient use of the productive resources in order to improve the conditions of the Dominican population.

However, in order for this law to enter into force, the President and Congress must designate the members of the Directive Council and the Executive Director of the National Defense Commission.