DR1 Daily News - Dominican Republic

The geographical location, stable governments and policies for industrial free zones have allowed the Dominican Republic to become a major player in the manufacture of medical devices in the region as well as in the Americas. Different policies in the United States contributed to this growth, but it was Dominican manpower, executive leadership and government incentives that brought this segment of manufacturing to the country, according to a report in Pharmaboard.

The pharmaceutical industry specialized website explains that the CBI, or Caribbean Basin Initiative, a decades old policy to provide incentives to the economies of the Caribbean region was one step. Another was Section 936 of the United States Internal Revenue Code which provided major tax incentives to Puerto Rico and provided sufficient incentives for joint ventures with the Dominican Republic...