Turning Gonave into a Free Trade Zone/Export Trade Zone.

Turning Gonave into a Free Trade Zone


To move the economy of Gonave as one single unit is to make Gonave a Free Trade Zone, which is the same as an Export Trade Zone, will bring in many different companies to the island.  Having a FTZ is nothing new, and it builds an economy.  Instead of having just a few zones which are usually around seaports, international airports, or on international borders, I propose turning the entire island of Gonave into a FTZ.

The entire island of Mauritius in Africa is also a FTZ.  This has boosted this tiny island of only 787 square miles of having a GDP of $10.49 billion as of 2012, according to the World Bank.  The much larger Madagascar in Africa, which is at 226,597 square miles, which the entire isn't isn't a FTZ has a GDP of $9.975 billion as of 2012 according to the World Bank.  So not only does Madagascar have much more land, and over 20 million people compared to Mauritius which has just over 1 million people, Mauritius has a much stronger economy due to having the entire country setup as a FTZ.

Given the close distance to the United States, Mexico, and other countries in the Americas, it make perfect sense to zone the entire island as a FTZ and setup taxing guidelines.

Usually a FTZ is desired by companies due to lower restrictions and taxes.  Countries like FTZ's because it lowers the trade barriers between nations.   A FTZ allows manufactured goods to be processed and handled without custom's involvement.  This changes of course when goods are delivered to consumers who reside in that nation or area that has the FTZ.  Then those items are under any customs law.

This could be a major win for Gonave, and set the standard for development.  Currently the biggest economy in the Caribbean is Puerto Rico with a GDP of over $100 billion.  It wouldn't be hard for Gonave to be like Mauritius and have a GDP eventually over $20 billion, which if that happened Gonave would not only pass Haiti which is at $7.8 billion but would pass the economy of Jamaica which stand at under $15 billion.

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