NewsWhore
01-15-2007, 04:50 PM
The former president of the Association of Santiago Free Zones, Carlos Manuel Alvarez said that the sector is on the verge of collapse. He said that 25,000 jobs were lost in Santiago in 2006, and 45,000 nationwide from 2004 to 2006. He attributed the crisis to the expiry of the benefits of the United States Generalized System of Preferences and the progressive increase in local manufacturing costs. He said that goods transportation is one of the major factors affecting the free zones' profitability.
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