‘Expensive’ China boosts DR free zone expansion
23/04/2015
In recent comments, the president of the ADOZONA association of free zones, José Tomás Contreras, said increased production costs in China and the continuing recovery of the US economy are making the free zone idea more and more successful. “These two facts are increasing our country’s competitiveness as an ideal platform for manufacturing consumer goods,” Mr Contreras claimed.
Together, all 60 free zones employ more than 150,000 people and achieved export earnings in 2014 of $5.2 billion. There are plans for substantial further growth, to keep attracting manufacturing firms to the country and to create hundreds of thousands of new jobs.
Companies operating in free zones in the Dominican Republic at the moment include around 30 footwear and footwear component manufacturers and three tanners.
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