Abstract

During the early 1990s, the Dominican Republic undertook a number of important reforms to liberalize its trade regime. The most significant reforms took place in September 1990 as part of the New Economic Program, when the protectionist regime, which shielded domestic producers with high tariffs and cumbersome nontariff barriers, was largely dismantled. These reforms were consolidated in 1991–92, when the authorities simplified the exchange rate system and introduced a series of tax reforms that eliminated several important trade-based taxes, including all export taxes.

Stabilization, Structural Reform, and Economic Growth
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