The Ministry of Industry, Commerce, and Mipymes (MICM) valued that, after a growth of 15.5% during the first quarter of 2021 in relation to the same period in 2020, the Free Zones sector has managed to consolidate itself as an important engine of the economy, reaching historical growth figures with 32.4% in the month of March of this year.
The data comes in the Monthly Indicator of Economic Activity (IMAE) published by the Central Bank of the Dominican Republic, corresponding to the month of March, where it is evidenced that the sector has exceeded its last positive number of February 2020 by more than 200 %, when the covid-19 pandemic had not shut down the Dominican economy.
The MICM minister, Víctor -Ito- Bisonó, is a sector that continues to lead the economic recovery of the Dominican Republic, attracting investments that, eight months after the start of the administration of President Luis Abinader, has received investments that exceed 200 million dollars, through the installation of 45 companies, with more than 6,000 jobs created, “which shows the resilience of the sector if it is led with a clear plan and objectives.”
According to the MICM, the data collected by the General Directorate of Customs (DGA) on the growth of exports shows the extraordinary performance of the sector as exports go from US$1,434.08 million in the first quarter of 2020 to US$1,655.54 million in the same 2021 period.
“We are talking about an additional value of US $ 221.46 million, a figure that reflects the trust and the great miracle that government management that is on the way to consolidating the country as a world-class logistics and industrial Hub has achieved in the sector. in a context where we have just come out of the closure of most of the economies receiving our exports, ”said Bisonó.
For eight months in a row, the sector leads economic recovery
The DGA data also allows us to see the growth of the different subsectors of free trade zones, where exports show growth when 2020 is compared with 2021, in the case of Tobacco at US$104.70 million, 52.1% more when going from US$200.82 million in 2020 to US$305.52 million in 2021; Jewelry grew by US$39.94 million, 33.2% more from US$120.21 million to US$160.15 million.
Likewise, the Textiles subsector grew in the aforementioned period, 19.1% more, surpassing its figures by US$31.65 million, going from US$165.45 million to US$197.10 million; medical devices grow by US$63.56 million for more than 30.9%, rising from US$205.69 million in 2019 to US$269.24 million in 2021.
“This is a representative sample of the subsectors that have reactivated the country’s economy, in which the resilience of the sector is manifested and the results of government management that established from the first day a clear route towards the creation and retention of jobs. , with north to attract more and better investments to Dominican soil ”, explained the minister.
Source:
Hoy
