The Ambassador of South Korea to the Dominican Republic, Lin Byung-Taik said last week that his main aim in the Caribbean country is to foster an increase in trade between the two nations to as many as $400 million a year, twice the current figure.
According to a report by Listin Diario, the diplomat stated that his term in the Dominican Republic seeks to broaden bilateral ties in the academic, cultural, energy, tourism and Haitian cooperation fields.
Brazil´s economy continues to expand, reports the International Monetary Fund (IMF).
In a recent statement, the IMF said growth in the country´s gross domestic product is expected to rise by about 3.5 percent in 2006, up from 2.3 percent in 2005.
Six Caribbean countries that had refused to join a regional trade bloc were likely to sign up in late June after receiving promises of aid to offset losses to their economies, officials said Thursday.
The islands of St. Kitts, St. Vincent, St. Lucia, Dominica, Grenada and Antigua had resisted coming on board, concerned that the single market´s ending of import taxes in the free trade area would hurt local industry and that they would be flooded by products from the bigger countries in the region.
The Argentine state will re-buy up to 20 percent of the airline it privatized in 1990, according to an agreement signed in Madrid yesterday.
The deal reached by Argentina government officials and the Spanish owners of Aerolineas Argentinas reshapes the stock distribution of the airline to allow the state to repurchase a minimum of five percent of the shares and a maximum of 20 percent.
The tourism sector in Dominica performed better in the first quarter of 2006 (January thru March) compared to the corresponding period in 2005, according to the Central Statistical Office Quarterly Economic Indicator.
The total number of visitor arrivals for the period under review was 168,604, compared to 128,404 in the same period last year largely as a result of the large number of cruise ship visitors which increased from 108,337 to 150,114.
KLM contributed more than Air France to the 2005-2006 operating profit of the merged group, La Tribune daily reported on Friday.
Citing a letter sent to Air France pilots by Bernard Pedamon, their board representative, La Tribune said that KLM contributed €504 million and Air France €432 million out of the €936 million in operating profit Air France-KLM generated in fiscal year 2005-2006.