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“Historic” Dominican-EU trade deal to be signed today

Dominican Today, Dominican Republic

“Historic” Dominican-EU trade deal to be signed today

15 October 2008

SANTO DOMINGO.- The Dominican Government is scheduled formally sign an economic association agreement with the European Union today, making the country Latin America’s leader, after Chile, with the most Free Trade deals, now with 48 nations.

Defining it as a historic day for the Dominican Republic, Foreign Relations minister Carlos Morales said the signing of the new trade treaty that includes 27 European countries, will significantly expand the diversification of the nation’s exports, which also benefits local producers and free zones.

The official, who’ll represent the Dominican government in the event, said the agreement will be signed today in the Caribbean island Barbados, and private sector leaders were invited to the ceremony.

Morales noted that Congress must approve the pact, “because we need to have that agreement approved by the lawmakers and signed by the President no later than October 31."