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Dominican Republic and Trade Restrictions

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Economics, International Trade - Other

Dominican Republic and Trade Restrictions

The company you work for is expanding its business and would like to begin to trade with another country.

Go to http://www.ustr.gov/assets/Document_Library/Reports_Publications/ 2004/2004_National_Trade_Estimate/2004_NTE_Report/ asset_upload_file231_4191.pdf for the 2003 National Trade Estimate Report on Foreign Trade Barriers.

Choose one country for analysis. What type of trade restrictions does this country use? Who will benefit from these restrictions? Who might lose?

The Country that I choose Dominican Republic

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https://brainmass.com/economics/international-trade/dominican-republic-and-trade-restrictions-231124

Solution Preview

The trade restrictions used by Dominican Republic are import duties and taxes, customs fees and discretionary licenses. There are no legal prohibitions to imports although discretionary import licenses continue to be required from the Secretariat of Agriculture for most agricultural products. These serve to limit imports of many items, which are perceived as competing with domestic production. The Dominican Republic does use discretionary licenses to provide local ...

Solution Summary

The company you work for is expanding its business and would like to begin to trade with another country.

$2.19