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Customs January-November revenue tops US$1.4B

Santo Domingo.- The Customs Agency on Monday announced RD$60.2 billion (US$1.4 billion) revenue from January 1 to November 15 , or 12.4% more than the same 2012 period.

Customs director Fernando Fernández said efficiency, controls, consumption in general, and imported goods led to the increase in revenue.

“Dominican Republic is an economy whose market is already widely open, with more than 53 per cent of its universal tariff is already at zero rate,” the official, speaking at the Dominican Republic Shippers Association luncheon.

He added that despite that behavior, one of Customs’ major challenges is to ensure a sustainable economy, converting the country from a net importer into a net exporter in the medium term.

Source: DT

Category: DR News |

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Last updated December 2, 2016 at 1:59 PM
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