Thursday 26 March 2015

Incentives for Foreign Investments in the Dominican Republic - DR-CAFTA Free Trade Agreement

This free trade agreement among the United States, the Dominican Republic and the Central American countries of Honduras, Guatemala, El Salvador, Nicaragua and Costa Rica grants investors in any of the member states the following benefits:
• Non-discriminatory treatment among member states.
• Limited performance requirements.
• Freely transferable investment funds.
• Expropriation protection not governed by international law.
• A “minimum level of treatment” pursuant to international law.
• Freedom to contract with key managerial staff of any nationality.
• Dispute resolution procedures between the country and the investor.
• Binding international arbitration for investor damage claims against a member state.

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