The Dominican Today reports that during his recent trip to Brazil, President Leonel Fernández expressed the DR’s interest in forming a trade alliance between the DR and Brazil, taking advantage of the DR-CAFTA1.  It is reported that the DR is keen to attract investment in order to develop its ethanol industry, and that President Fernández has indicated that the DR-CAFTA makes the DR an ideal platform for export to the US market2. While in Brazil, President Fernández managed to conclude agreements with investors for, among other things, biofuel production3.

 

1 “Brazil-Dominican pact would bank on US-Central America Free Trade” (June 20, 2007), Dominican Today: http://www.dominicantoday.com/app/article.aspx?id=24367 

2 “Official visit seeks Dominican-Brazilian trade, aviation and fuel pacts” (June 15, 2007), Dominican Today: http://www.dominicantoday.com/app/article.aspx?id=24317 

3 “President back from a successful Brazil trip” (June 24, 2007), Dominican Today: http://www.dominicantoday.com/app/article.aspx?id=24412