Promotion of Free Zones-Dominican Republic
Fecha de inicio:
10/01/1990
Fecha de fin:
N/A
Description
Law 8-90 on the Promotion of Free Zones in the Dominican Republic aims to promote the establishment of new free zones and the growth of existing ones, regulating their operation and development. It defines free zones as geographic areas subject to special customs and fiscal controls where companies that direct their production or services to the external market are allowed to establish. It establishes a regime of fiscal and customs incentives for free zone operators, companies that install in them, and investors, with special emphasis on the country's border regions. It creates the National Council of Export Free Zones as the body responsible for regulating, evaluating, and supervising compliance with the law.
Iniciative Type
Action scope
Sectors:
Thematic Areas:
Countries:
Instruments:
- VAT Exemption for Food Products
- Electronic commerce of agri-food products
- Bilateral, regional, multi-country, multilateral and global agreements
- Harmonization of standards and regulations
- International technical cooperation
- Changes in Import Tariffs
- Agri-food digitilation
- Trade facilitation
- International financial cooperation
- Business incubation and acceleration
- Collect, analyze, disseminate and exchange data and information between countries
- Networks and platforms for dialogue and collaboration
- Linkages between producers and value chains and markets
Resultados:
- Bilateral and regional trade agreements
- Trade competitiveness
- Economic growth
- Economy and low carbon systems
- Market efficiency
- Jobs generated
- Training of skilled technicians
- Public policy development and implementation
- Institutional capacity building
- Information generation
- Technological Innovation
- Income improvement
- Improved productivity
- Poverty reduction
Beneficiaries:
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