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Trade News

Each day TFO Canada publishes a sample of trade news on the Canadian import market along with any new, updated or changed regulations and legislations regarding international trade; countries in which TFO Canada offers services and on the export sectors which it promotes.


Dominican Republic: Insist FTA is signed with Canada

Thursday, May 22, 2014 > 16:03:45

(Listin Diario)
Lilian Tejeda, Santo Domingo

Translated from Spanish

The president of the Dominican-Canadian Chamber of Commerce, Eduardo Dominguez, stressed the need to restart the talks to establish a free trade agreement with Canada, which he said are paralyzed by lack of interest from Dominican Republic.

"The talks were well advanced and the Dominican government decided to stop. What you need to do now is reboot and revisit the issue," Dominguez said, noting that the agreement would enhance and increase exports to that nation which represents a great opportunity for the country.

"We must seize this market. We are able to compete with the rest of the world, which is why we need to get our act together, " he said.

Dominguez spoke at the seminar "Become exporter to Canada" organized by the Dominican-Canadian Chamber of Commerce in collaboration with the Dominican Association of Exporters (Adoexpo) and Trade Facilitation Office of Canada (TFO Canada), in order to make local entrepreneurs aware of the wide range of opportunities and how to engage with that country.

At this stage the project manager for Latin America and the Caribbean TFO of Canada, Marysabel González explained that Dominican Republic is on the list of priority countries for the organization.

That means that for a period of five years different training programs on the characteristics and requirements of the Canadian will be developed in the Dominican Republic to further strengthen bilateral relations. " The idea is to prepare you to export," González said.

Balance of Trade
The president of the Dominican-Canadian Chamber of Commerce said trade balance between both countries, except gold exports, remain balanced . But he stressed that this market can be further exploited, especially by increasing exports of agricultural products, which have great potential.

"That's a healthy and productive economy. They are willing to pay good prices for our goods and services and we have to use it, " he said.
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