Private sector calls for implementation in 2022


(San Juan, Puerto Rico – January 2, 2022) The Chamber of Commerce of Puerto Rico (CCPR) today asked the Government, both executive and legislative, for the execution schedule to begin moving from recovery to economic growth, said the Lcdo. Luis Gierbolini, president of the Camaristas, through a press release.

“Puerto Rico has to move to resolve the issues that hold back economic development:

    • a poor permitting system that does not allow for the attractiveness of new investment;
    • a weak and expensive electric power service; a labour market destabilised by improvised changes without viable economic analyses;
    • an inventory tax that does not allow mobility in the supply chain or transport;
    • a stagnant recovery that does not contribute to the stability of the markets.”

“It is necessary to concentrate government and private efforts on resolving the fundamental aspects to improve the climate of doing business in Puerto Rico. For example, excessive increases in electricity and constant changes to labor laws are detrimental to sustaining a business and worse to positioning itself as a private investment destination,” Gierbolini said.

The President of the Camaristas added that the recovery phase has to move with agility so that the available funds can be used properly, impact the Puerto Rican economy and can serve as an economic rebound. “Until this moment we have lived with a government brake that does not allow sustained business growth, we need the wheel to move in this first half of 2022,” said Luis Gierbolini.

“The incentives that are presented have to be productive long-term measures and not mere ideas to try to cover the issue lightly. The country requires a public business policy focused on the companies that produce and the merchants who are engaged in their business. They have the duty to promote the use of public funds in a climate of absolute transparency and accountability,” concluded the chamber leader.

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Contacto: Sandra González

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