Regional
New report finds retail prices in Puerto Rico are not affected by the Jones Act
Economists from Boston-based Reeve & Associates and San Juan-based Estudios Técnicos, Inc. on Wednesday released a joint report, “The Impact of the Jones Act on Puerto Rico,” which concluded the Jones Act has no impact on either retail prices or the cost of living in Puerto Rico.
In addition, the report found that the state of the art maritime technology, Puerto-Rico focused investments, and dedicated closed-loop service offered by Jones Act carriers provide a significant positive economic impact to the island, at freight rates lower or comparable to similar services to other Caribbean Islands.
