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What is Law 50-87: Chambers of Commerce Reform about?

Law No. 50-87 establishes the creation and organization of Chambers of Commerce and Production in the Dominican Republic, replacing Law No. 42 of 1942. These chambers are non-profit institutions aimed at promoting economic development and maintaining communication between public and private sectors. The law outlines membership criteria, organizational structure, powers, and provisions for ethical conduct and arbitration services.

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