Puerto Rico’s Economic Opportunities Amid Trade War
Puerto Rico is seizing the opportunity presented by the global trade war to attract international manufacturing companies to the island, where they would benefit from tariff exemptions. With government officials actively courting businesses, particularly in the pharmaceutical and medical device sectors, the effort aims to bolster the island’s economy, which has struggled with bankruptcy and chronic power outages. Despite ongoing energy issues, officials are optimistic about revitalizing manufacturing and increasing federal funding as they promote Puerto Rico’s advantages, including its skilled workforce and U.S. jurisdiction.
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