During the first quarter of this year 2022, exports from the free zone sector continued to experience dynamic growth. According to the executive director of the National Council of Export Free Zones (CNZFE), Daniel Liranzo, the value of exports from free zones recorded a 12% growth compared to the same period in 2021, reaching US$1,848.3 million, during the period January – March 2022.
That value exported accounts for 60.8% of the country’s total exports during the aforementioned quarter, Liranzo explained. The CNZFE executive director said that, according to preliminary figures from the General Customs Directorate, practically all the productive free zones sectors registered increases in the value of their exports in that period, highlighting the following sectors: Jewelry, Clothing and Textiles, Medical Products, Electrical and Electronic Goods, Tobacco Manufacturing, among others.
He also emphasized that for the first time in the history of free zones, exports exceeded the figure of US $ 700 million in a month, this was seen in March of this year, reaching a record figure of about US $ 727.9 million.
The official pointed out that this growth is a product of the current commercial reactivation within the sector, induced by the international demand for goods and by the support and excellent investment climate that has fostered by the current government, headed President Luis Abinader Corona.
The free zone sector was one of the sectors of the Dominican gross domestic product (GDP) to report the highest growth in the first two months of the year.
Source:
El Caribe
