The Dominican Association of Free Zones (Adozona) reported tax free manufacturing industries exported more than US$6 billion for the first time. This is an increase of 10% for 2018 over 2017. Exports in 2017 had peaked at US$5.6 billion, but in 2018, exports rounded off at US$6,252 million, up 9.8% over the previous year. The exports were shipped from 686 free zones located in 73 industrial parks nationwide. The free zones employ 170,000, up 5% compared to the previous year.
The president of the Dominican Association of Free Zones, Federico Domínguez Aristy, remarks: “Increasingly the free zone model continues to consolidate as the ideal formula to attract foreign investment, generate jobs and grow our exports that are generating foreign exchange and development for the country,” said Dominguez Aristy.
He added: “Now the challenge is to continue strengthening the training programs of the free zone collaborators and technifying and diversifying our production to continue making the country one of the most attractive destinations in the continent for the installation of companies dedicated to manufacturing and global services “.
The Dominican Republic exports products to more than 135 countries, several of which have reached the category of world leaders.
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El Caribe
22 January 2019
