Two free zone parks in the Dominican Republic received worldwide recognition as “2017 Free Zones,” during the closing ceremony of the XXI Latin American Conference of Free Zones, held in Santa Cruz de Tenerife, Canary Islands, Spain.

The Itabo Industrial Park (PIISA) and the La Romana Free Zone Operator were recognized by the well-known publication FDI Intelligence, which every year evaluates the most successful free zones around the world.

This recognition was received in the Santa Cruz de Tenerife Auditorium by José Tomás Contreras and Luis Emilio Rodríguez, principal executives of the free zone parks of Itabo in Haina and La Romana, respectively, according to the Communications Director of the Ministry for Industry, Commerce, and Mipymes (MICM).  Both Contreras and Rodríguez expressed their appreciation for this global recognition.

Dominican Republic free zones have been recognized as one of the most successful developments in the world, presently made up of 70 industrial parks and 650 businesses, which generate 170,000 direct jobs and US$5.500 billion in exports annually.

During the ceremony the Dominican Republic was recognized as a leader in the region in the development of free zone sectors, having likewise achieved significant transformation in recent years by assimilating technology and diversifying its production, according to a study presented here by the president of the Association of Free Zones of the Americas, Juan Pablo Rivera.