Talks start for a Cuba – Dominican trade pact

LA HABANA,21 oct.   The Dominican Republic and Cuba have begun talks leading to a partial trade agreement on reduced tariffs, Cuban State-owned wire service  PrensaLatina reports Friday .

During a presentation hosted by the Dominican merchants grouped in the FDC, Cuba ambassador Carlos de la Nuez said the negotiations are in their first stage.

“The Dominican Republic has the potential to become a major supplier of products to Cuba and a partial scope agreement would facilitate that exchange,” De la Nuez said, as quoted by the wire service.

FDC president Ivan Garcia said the signing of a bilateral agreement would impact tariffs.

“According to local statistics, the trade exchange between Cuba and Dominican Republic in 2015 was around US$80 million, of which US$54 million are Dominican exports to Cuba,” Prensa Latina reports.