TravelTill

Economy of Puerto Rico


JuteVilla
rom 41 to 30%.

Businesses and consumers in Puerto Rico are subjected to economic discrimination by many U.S. and multinational companies that limit access to products or offer them at higher prices to businesses and consumers located in Puerto Rico. For example, Apple does not include K-12 or post-secondary educational institutions in their national pricing program offering discounts to teachers and students and special pricing for institutional purchases. Likewise, Minneapolis-based Best Buy does not allow residents of Puerto Rico to purchase goods on their website, which may be purchased from the 50 states, Guam and the United States Virgin Islands, but invites potential customers to skirt their own rules: "Now you can order items online and ship them to a U.S. address* – or pick them up at a U.S. store. International orders may be shipped to street addresses in the U.S., U.S. Virgin Islands and Guam, along with AFO/FPO mailing address."

At the same time, the latest report by the President Task Force on Puerto Rico Status recognizes that the status question and the economy are intimately linked. Many participants in the forums conducted by the Task Force argued that uncertainty about status is holding Puerto Rico back in economic areas. And although there are a number of economic actions that should be taken immediately or in the short term, regardless of the ultimate outcome of the status question, identifying the most effective means of assisting the Puerto Rican economy depends on resolving the ultimate question of status. In short, the long-term economic well-being of Puerto Rico would be dramatically improved by an early decision on the status question
JuteVilla