Economy January 10, 2019 - 7:45 am

Dominican Republic free zone exports jump 9.8% to US$6.3B

L. Fernandez. File.

Santo Domingo.- Dominican Republic’s free zones sector was posted exports worth US$6.3 billion during 2018, a 9.8 percent jump compared with 2017, according to Central Bank figures on the economy’s performance.

In the “Export promotion year” the Central Bank’s January-September 2018 Report, the free zones sector posted the highest growth rate of the year-on-year GDP, with 12.0 percent, paced by electrical products (36.9 percent), jewelry items (21.2 percent) and medical and pharmaceutical products.

In another report the Industry and Commerce Ministry affirms that free zones were one of the sectors which created the most direct jobs in the economy, posting 170,000.

National Free Zones Council director, Luisa Fernández announced that 2018 ended with 73 free zone parks in operation.

COVID-19

April 30, 2024 - 10:04 am

SeNaSa hires more than 1,500 doctors

April 26, 2024 - 9:23 am

Pro Consumidor clears rice brands of harmful metals

April 22, 2024 - 1:21 pm

Ney Arias Lora Hospital and CMD appeal ruling

April 15, 2024 - 8:40 am

Cyber attack exposes Covid-19 vaccination records in Dominican Republic

MOST READ

World

Seven countries to contribute mission agents to Haiti

Economy

Dominican Republic breaks ground on Punta Bergantín Innovation Hub

Tourism

Hyatt to add 1,000 rooms in Dominican Republic with two new hotels

Tourism

Dominican Republic winner of Tripadvisor’s 2024 Travelers’ Choice Awards

MORE NEWS

World

Youth crime prevention policies: Dominican Republic’s perspectives at UN debate

Local

Inespre signs agreement with Adobanano

Tourism

Cuba shows interest in exploring opportunities in Dominican tourism

Tourism

VP Raquel Peña: air sector vital in Tourism strengthening