Opportunities in Dominican Republic for Malaysians
KUALA LUMPUR: The
48 free zones in the Dominican Republic provide opportunities for Malaysian
manufacturers to penetrate the US market and the Caribbean region in sectors
like fine jewellery, cosmetics, medical devices, electrical and electronics as
well as apparel.
Trade Commissioner of Matrade Miami, Jonathan Andrew Rao James, said most companies at the free zones are manufacturing for the US market, taking advantage of the US-Dominican Republic-Caribbean Free Trade Agreement that accords preferential tariffs.
"The free zones provide a good manufacturing platform for Malaysian companies to export under preferential benefit to the US market and other Caribbean destinations by operating in the industrial zones," said Jonathan in a statement.
The free zones have attracted more than 555 companies with export sales at over US$4 billion (RM12.7 billion) a year. The value of exports comes from medical and pharmaceutical products, apparel, electrical and electronic products, jewellery, tobacco products, and shoes.
Trade Commissioner of Matrade Miami, Jonathan Andrew Rao James, said most companies at the free zones are manufacturing for the US market, taking advantage of the US-Dominican Republic-Caribbean Free Trade Agreement that accords preferential tariffs.
"The free zones provide a good manufacturing platform for Malaysian companies to export under preferential benefit to the US market and other Caribbean destinations by operating in the industrial zones," said Jonathan in a statement.
The free zones have attracted more than 555 companies with export sales at over US$4 billion (RM12.7 billion) a year. The value of exports comes from medical and pharmaceutical products, apparel, electrical and electronic products, jewellery, tobacco products, and shoes.
Source : New Straits
Times
Date : 25 July 2012
afternoon
highlight (25/07/12/131/605)
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