Sunday, July 5, 2015

Government Regulation Makes Shipping To Puerto Rico More Expensive

From Tyler Cowen.
"From Max Ehrenfreund:
…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…"

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