Import/Export Trade Policies and Practices

 The import, and export trade policies and practices in Puerto Rico alternate the island’s economic strategy. Puerto Rico participates in The Jones Act toward the import and export policies that can be significantly beneficial if halted and end truck traffic congestion (Reforming US Import/Export Policies, 2022) along the Eastern and Western coasts of the United States. Moreover, Puerto Rico established that one of the cons of the Jones Act involved the inflated transport double level costs for imports within neighboring islands (All at sea; American shipping) and causing a disruption to the imports in Puerto Rico that decreased the economic strategy in the island. Yet, Puerto Rico remains a positive economy with the high tariffs on the oil imports from a barrel that once was $9.25 to $15.50 (Hernandez, 2015) which alters the economy’s strategy in the right direction. The International Trade Administration discovered that in 2022 Puerto Rico’s merchandise that was exported reported a growth of twenty-one billion dollars made in several markets in the Netherlands, Spain, and China boosting Puerto Rico’s export potential (Seeking to boost exports in Puerto Rico, 2023) that positively alternates the island’s economic strategy.