The Dominican Association of Free Zones (Adozona) reported that according to preliminary data they have obtained from the Dominican authorities, that sector grew by more than 25% at the close of the third quarter of the year, comprised between January and September 2021, compared to the same period of 2020, and more than 17% if compared to 2019.
He explains that according to preliminary data, free zone exports as of September 30, 2021 exceeded US$5.25 billion, which represents an unprecedented figure in the country.
The president of Adozona, Luis José Bonilla, described the results as extraordinary and a demonstration that this sector has been vital for the recovery of the economy and jobs in the Dominican Republic.
He highlighted that at the end of September, these companies employed more than 180,000 people directly, when in February 2020, before the pandemic, there were only 170,000.
“The recovery has been total and that is thanks to two things mainly: The first is the legal framework that exists in our country, so we must continue to preserve it without variations as a fundamental basis of confidence and the opportunities we have to attract more investment and generate more jobs; and the second is the successful strategy of public-private work that we have carried out together with the Ministry of Industry and Commerce taking advantage of nearshoring and the opportunities brought by the readjustments of value chains worldwide.”
He endorsed the statements of the Minister of Industry, Commerce and Mipymes, Víctor Bisonó, who defended the legal framework of the free zone regime in the country.
Source:
Hoy
