Duty Free Zone in Puerto Plata to close 12 of 14 businesses
The industrial park of the "Zona Franca" of Puerto Plata has closed 12 of the 14 companies operating in the center of production. Economic bankruptcy has been blamed for the downfall of the companies which had an average investment of nearly US$4 billion. The remaining 2 companies still working are the Free Zone Corporation headed by the executive director Peña Rosa Marquez and Atlantic Manufacturing companies (AMASA), headed by engineer Juan Héctor Díaz Polanco
The failure of these businesses started with impossibility of their manufacturing centers to ensure an open competitive with the production of textiles and leather manufactured by enterprises in duty free zones of China and Central America. With the costs in the Dominican Republic often very high, along with rental spaces, higher than average wages and the high costs of electricity tariff and fuel has all amounted up causing this disaster.
Following the closure of these companies, some 6,000 employees have lost their jobs some who had been working there for many years. Some of the companies that had labor problems with their employees to not have the resources to pay benefits to which they are legally entitled.
Published in
Dominican Republic News Archive
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