Dominican free zone manufacturing exports are up more than US$430 million so far this year, says Federico Domínguez Aristy, president of the Dominican Association of Free Zones (Adozona). Manuel Enrique Tavares, one of the founders of the free zone industrial parks in the country, was the keynote speaker during the luncheon held to celebrate the 30th anniversary of Adozona. President Danilo Medina was guest of honor and recognized at the event for his support.
During his talk, he highlighted that Dominican free zones have injected RD$150 billion into the economy. Tavares says if conditions are right, the sector could reach 425,000 jobs in less than 10 years. At present, free zones employ 160,000.
Central Bank statistics indicate that free zone exports from January to September 2018 are up 11.2%, reaching US$4.69 billion.
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El Dia
24 October 2018
