Free trade zones solidify as the engine of employment

Santo Domingo.- President Luis Abinader announced that the free trade zone sector has created 200,000 new direct formal jobs over the past four years. He emphasized the sector’s growth, noting that in June 2020, there were 119,974 jobs, which increased to 198,466 by June 2024, marking a 65.4% rise.

In addition to job creation, President Abinader reported a record in exports for May 2024, with a total value of US$813 million. He also highlighted that 1,800 different products have been exported to over 143 countries worldwide.

Regarding investment, the president stated that accumulated investment in the sector has grown by 44.5%, from US$5,189 million in 2020 to US$7,496 million in 2023.

These remarks were made during the LA Semanal press briefing in the Las Cariátides room of the National Palace, where the free trade zones, referred to as “the factory of jobs,” were a key topic of discussion.