Trade and Business in Puerto Rico, San Juan
Contact & Social Networks
Syllabus of the Subject: Foreign Trade and Business in Puerto Rico -
San Juan. Puerto Rican Economy
Introduction to the Free Associated State of Puerto Rico (Commonwealth
of Puerto Rico): the most important regional hub in the Caribbean
Business in San Juan
Puerto Rican Economy
Puerto Rican Foreign Trade (Import, Export)
Business Opportunities in Puerto Rico
Access to the Puerto Rican market
Business Plan for Puerto Rico
Objectives
The objectives of the subject «Doing Business in Puerto Rico» are the following:
To analyze the Puerto Rican economy and Foreign Trade (Import, Export, FDI)
To explore the Business Opportunities in Puerto Rico
To analyze the trade relations of Puerto Rico with the country of the student
To know the Free Trade Agreements of Puerto Rico
To develop a business plan for the Puerto Rican market
Sample - Foreign Trade and Business in Puerto Rico:
Related Education
The Subject «Foreign Trade and Business in Puerto Rico » belongs to the following Online Higher Educational Programs taught by EENI Global Business School:Masters (MIB): Business in America , International Business , Foreign Trade
Doctorate (DIB): American Business , World Trade
Courses: Business in The United States ,
North America , The Caribbean
Learning materials in: (
Puerto Rico
Porto Rico
Porto Rico )
U.S. Businessman :
Philip Anschutz ,
Ray L. Hunt ,
S. Truett Cathy ,
Howard Ahmanson ,
Steve Strang ,
Bill Gates ,
Warren Buffett ,
Mimi Alemayehou .
Giving Pledge
New York -
Miami -
California
Doctorate and Masters in International Business for the U.S. Students
Foreign Trade and Business in Puerto Rico
Puerto Rico
Puerto Rico is a free state associated to the United States created in
1952
Puerto Rican capital: San Juan (the Caribbean metropolis)San Juan has the highest quality of life index in Latin America
Urban Train: passenger train service between various points in the San
Juan Metropolitan Area
Main Puerto Rican cities: San Juan, Bayamón, Carolina, Ponce, Caguas,
Guaynabo, Arecibo, Toa Baja, Mayagüez and Trujillo Alto
Main Islands: Vieques, Mona and Culebra
Puerto Rico does not share land borders with any country
Nearest countries to Puerto Rico by sea: Haiti , the British Virgin Islands, the United States Virgin Islands,
Montserrat and Dominican Republic
Puerto Rico is 1,600 km South-east of
Miami (Florida)
Area of Puerto Rico: 9.104 square kilometres
Puerto Ricans have had U.S. citizenship since 1917
Population of Puerto Rico: 3.6 million peoplePuerto Rican Population density: 390 inhabitants / square kilometres
12% of the population has an African origin (African Diaspora ) the rest is white and mixed
The first official language of Puerto Rico is Spanish English (second official language) is barely spoken by 10% of the
population
Abolition of Slavery in Puerto Rico: 1873
Climate of Puerto Rico: tropical
1493: discovery by the Spanish (Isla de San Juan Bautista)
1987: Spanish province
1898:
Spanish-American war
Independence from Spain (with
Cuba and Philippines )
Colonization of Puerto Rico by the United States
Government type: free state associated to the United States with self-government status
Puerto Rico has its own constitution (only for domestic affairs)
Main religion in Puerto Rico: Christianity (Catholicism )
Puerto Rico belongs to the Caribbean Economic Area and the North American Economic Area of the Western Civilization
Sample:
Sample:
Economy
Puerto Rican Economy
The Puerto Rican economy is one of the largest in Latin America
GDP Puerto Rican: 103.134 million dollars
GDP per capita of Puerto Rico: 32.063 DollarsIt is the highest
nominal GDP per capita in Latin America
World Bank Ranking: Non-OECD high-income economy
Public debt: 103% of the Puerto Rican GDP
Tourism is one of the pillars of the Puerto Rican economy
San Juan is an important centre of international events
Important growth of the financial sector and the aeronautical
industry
Important pharmaceutical industry Presence of pharmaceutical multinationals (Merck, Pfizer, Johnson &
Johnson, Novartis, GlaxoSmithKline...
Puerto Rico does not have sufficient natural resources
Main agricultural products: sugar cane, coffee, pineapple, banana,
chickens
Investment Code: Puerto Rico Investment Promotion Act of 2011
September 2017: serious economic consequences caused by Hurricane
Maria
Puerto Rico currency: United States dollar (USD)
Puerto Rico does not have its own Internet Code
Sample:
Logistics
International Transport and Logistics in Puerto Rico:
Main
seaports :
Port of San Juan : it is the busiest port in the Caribbean and the tenth most active in the United States
Port of the Americas in Ponce (major expansion project to
increase the cargo capacity for twenty-foot containers )
Port Mayagüez : It is the third largest cargo port in Puerto Rico.
Connection with the Dominican Republic.
14.400 Kilometres of paved roads Puerto Rico has several highways (free and paid)
Port of Ponce
railway
Puerto Rico has three international airports: San Juan, Ponce and AguadillaLuis Muñoz Marín International Airport (Carolina): It is the largest air transport centre in the Caribbean.
Mercedita Airport (Ponce)
Rafael Hernández Airport (Aguadilla), and 27 local airports.
Sample:
Foreign Trade
Puerto Rican Foreign Trade
Main exports of Puerto Rico: pharmaceuticals products ,
chemicals, electronics, rum, beverage concentrates, medical equipment, tuna,
clothing...
Main export markets of Puerto Rico: United States,
Belgium, Netherlands, Italy and Spain
Main imports of Puerto Rico: chemicals products, machinery, food,
petroleum products, clothing, fish
Largest providers of Puerto Rico: United States, Ireland, Singapore ,
Switzerland and South Korea
Sample:
Preferential Access
Economic Organizations to which Puerto Rico belongs under the tutelage of the United States
Puerto Rico is an associate member to the Economic Commission for Latin America and the Caribbean (ECLAC)
Puerto Rico is an associate member to the Organization of American States (OAS)
United States-Mexico-Canada Agreement (USMCA )
Latin American countries:
Chile ,
Colombia ,
Peru ,
Central America-Dominican Republic (CAFTA-DR),
Panama , the
Caribbean Basin Initiative (CBI) , and the Hemispheric Opportunity through Partnership Encouragement (HOPE) Act (Haiti )
Asian countries:
South Korea ,
Australia ,
Singapore , and the
Association of Southeast Asian Nations (ASEAN )
European countries:
European Union (Transatlantic Trade and Investment Partnership)
Arab countries:
Bahrain ,
Oman ,
Jordan , and Morocco
African countries:
African Growth and Opportunity Act (AGOA) ,
agreements with the
West African Economic and Monetary Union (WAEMU) ,
East African Community (EAC) , and COMESA
Agreement with Israel Asia-Pacific Economic Cooperation (APEC )
Puerto Rican Preferential Access and Free Trade Agreements
Puerto Rico and the
Caribbean Economic Area / North American Economic Area
Caribbean Community (CARICOM ) (observer member)CARIFORUM-European Union (EU) Economic Partnership Agreement
Colombia-CARICOM Agreement (Puerto Rico)
Free Trade Agreement CARICOM-Dominican Republic
Costa Rica-Caribbean Community Agreement (Puerto Rico)
As an Associated Free State, Puerto Rico is beneficiary of all the Free Trade Agreements (FTA) of the United States.
Sample:
Trade Facilitation
(c) EENI
(c) EENI Global Business School (1995-2022)
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