PUERTO RICO ISLAND SHOULD BE ALLOWED TO HIRE BOATS AND CREW AVAILABLE WHICH WILL REDUCE THE COST OF SHIPPING. NOW THE WHOLE WORLD WILL ASK WHEN YOU CAN GET CHEAP OIL FROM VENEZUELA HOW CAN TRASPORTATION IN PUERTO RICO IS TWICE THAT IN THE NEIGHBOURING CARIBBEAN NATIONS . LAWS SHOULD BE CHANGED SO THAT TRADING CAN BE DONE EASILY WITH OTHER COUNTRIES AND THIS WILL REDUCE THE DEBT CRISIS.
HOW CAN A ISLAND WHICH IS SO NEAR TO OIL FIELDS CAN LOSE A BIG PART OF TRADING WITH OTHER COUNTRIES.
IT SHOULD BE ONE OF THE MOST TRADING CENTRES OF THE WORLD
Yet because of an obscure law known as the Jones Act, which bans foreign vessels from shipping goods between U.S. ports, businesses in Puerto Rico have to use the U.S. merchant marine to import anything. They can’t just hire whatever boats and crew are available, which makes shipping even more expensive. The cost of transportation in Puerto Rico is twice that in the neighboring Caribbean nations, according to the report, which was written by economists Anne Krueger, Ranjit Teja and Andrew Wolfe.