Puerto Rico signs 20 year deal with Bacardi

The Puerto Rican government has reached a deal with Barcardi Ltd to ensure the production of rum will stay on the island for the next 20 years.

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My analysis of what this means for the future of the island.

This is a critical move for the government to make because it a sign to future business that the island is a serious player for companies that considering places to produce their product. Furthermore, this gives merit to the future of the island in terms of its recent proposal to be included in US-Spain double taxation treaty because it shows that island is a very resourceful place for production. Hopefully in light of this recent news, Spanish companies will begin to consider the island for production of their products and we will see the island thrive in the years to come.

Orginal article by Yahoo Finance.

Article by Jordan Rodriguez