Dominican Today | October 22. 2006
Dominican Republic and Taiwan will negotiate Free Trade Agreement
SANTO DOMINGO.- The Dominican Republic and Taiwan will initiate next Tuesday a first round of negotiations aimed at establishing a Free Trade Agreement between both nations, informed official sources today.
The Taiwanese vice-minister of Economy Ho-shong Hou will be at the head of his country’s negotiating delegation which will meet with the local authorities between the 24th and 27th of this month.
The encounter will focus among others, on subjects relative to access to markets, services, investment and commerce.
The information alleges that a possible treaty between both islands would “remarkably" increase Taiwanese investments in the country, while the Asian nation would receive Dominican products as cacao, tobacco products and coffee.
In the document, the Taiwanese embassy in Santo Domingo assured that once decided, the treaty would offer greater opportunities to both nations to accede the United States markets.
Bilateral commerce between Dominican Republic and Taiwan reached near 200 million dollars during 2005.