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Santo Domingo.- Antonio Ciriaco, dean of the Faculty of Economics of the Autonomous University of Santo Domingo (UASD), examined the potential effects of the new tariffs that the United States government plans to implement as of February 4. While these rates are mainly directed to Mexico and Canada, Cirico stressed that it was stressed that they could indirectly affect the Dominican Republic by changing investment flows.
He explained that if Mexican industries face higher costs due to tariff Create a “commercial deviation” effect, which makes the country an attractive alternative for manufacturers that seek to avoid higher costs. However, he warned that this advantage depends on the DR-CAFTA remain intact.
Ciriaco also addressed concerns about recent commercial tensions, such as the decree of President Luis Abinader, imposing quotas and tariffs on US rice imports. UU., Which can conflict with the provisions of the DR-CAFTA. Despite these challenges, he emphasized that the agreement has historically benefited the Dominican Republic and could continue to do so if commercial relations are carefully handled.