New extradition treaty signed by DR and US

The Dominican Republic and the United States have signed a new extradition treaty, replacing the current one which dates from 1909.

The new treaty aims at strengthening law enforcement cooperation and enhancing the extradition process between the two countries, extending the range of extraditable offenses, which now include tax evasion, high technology, terrorism, and contract killings, and establishing clear extradition procedures.

The treaty must go through the appropriate legislative procedure in both countries before coming into effect.

[January 2015]

Dominican economy grows 7.1% in 2014

The Dominican Central Bank unveiled preliminary figures on the performance of the Dominican economy during 2014, showing a 7.1% growth rate, the highest in Latin America. Inflation for 2014 stood at 1.58%, the lowest in the last 30 years, and the second lowest in Latin America.

All sectors in the economy grew at rates ranging from 4.7% (retail businesses),  7.9% (tourism), and 8.6% (financial services)  to 11.4% (construction) and 20.9% (mining).

[January 2015]