The tight cultural and commercial relationship between Puerto Rico and the Dominican Republic is about to get even stronger in coming months as the islands work to develop joint projects in the areas of biofuel and energy production that also involve private sector participation, said Virgilio Álvarez-Bonilla, ambassador and executive director of the Joint Dominican Republic-Puerto Rico Bilateral Commission.
Gov. Luis Fortuño promised members of the Puerto Rico Chamber of Commerce that he would be submitting legislation to eliminate commercial property taxes placed on unsold inventory, to improve the local business climate.
A bi-partisan Congressional bill proposing sweeping changes of the America Invents Act, which regulates patents, was passed by the House Friday with amendments submitted by Resident Commissioner in Washington, Pedro Pierluisi to benefit Puerto Rico.
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