June 13 - Canada Egypt Business Council

Ambassador Gabriella confirmed her will to organize one-on-one meetings
to CEBC interested members based on their business interests who
wish to explore areas of business in the Dominican Republic.
It was agreed that an announcement of an agro-business mission will be
sent to CEBC members as the first in a series of missions organized in
coordination with foreign embassies under the umbrella of the CEBC
new sister organization ECSD.
During the meeting an inquiry was raised about the FTA tariffs, it was
stated that only the products manufactured or produced entirely in the
Dominican Republic can benefit from the preferential customs tariffs of
the FTA. This means that no product imported from Egypt to the Dominican
Republic and repackaged in Dominican Republic can benefit
from the preferential customs tariffs of the FTA. On the other hand, a
product manufactured in Dominican Republic by an Egyptian company
that has invested in the country will benefit from those preferential tariffs
to access the market of the USA.
It was agreed that after the mission an MOU will be signed between the
Council and the Embassy so as to reinforce the mutual cooperation in
the future.
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