New Market Report: Other Hot Drinks in Dominican Republic
Responding to an increasingly dire debt situation, the government in early 2013 passed the most comprehensive fiscal reform in many years, which created the most severe economic slowdown in a decade. The reform included a new VAT regime that eliminated exemptions on chocolate, pushing the price of products with this ingredient up. As a result of the price increases, chocolate-based flavoured powder drinks saw its weakest growth in four years.
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