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Dominican Republic Encouraged that Petrocaribe Will Continue and Expand

LADB Article ID: 79028
Category/Department: Dominican Republic
Date: 2013-07-18
By: Crosby Girón

On more than one occasion, Dominican Republic President Danilo Medina has stressed how important Petrocaribe is for his country. Despite the rumors that Petrocaribe would come to an end following the death of Venezuelan President Hugo Chávez, after only two summits, Petrocaribe members, including the Dominican Republic, have proposed the creation of the Zona Económica Petrocaribe (ZEP). The final declaration of the VIII Petrocaribe Summit, held in Managua in late June , pledges to do "an cross-cutting and multidisciplinary evaluation of trade, economic, financial, scientific, technological, and legal aspects under five structural programs: transport and communications, productive chains, tourism, trade, and social and cultural integration."

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