Tuesday, September 21, 2021

Cidre Plans to Meet with Key Officials in Washington D.C.

By on June 9, 2021

Economic Development and Commerce Department (DDEC by its Spanish acronym) Secretary Manuel Cidre traveled to Washington D.C. on Tuesday to address numerous matters related to the island’s economic development.

“It’s a busy schedule, [meetings] with key people who can be our allies in advancing our economic agenda. We understand the importance of the issues discussed at national and global levels. We will work to ensure that Puerto Rico is included in the conversation while continuing with our initiatives to improve our competitiveness,” Cidre said.

Puerto Rico Federal Affairs Administration (PRFAA) Executive Director Carmen Feliciano and Ports Authority Executive Director Joel Pizá will accompany Cidre on the trip.

Cidre’s busy schedule includes meetings with members of Congress and key officials from several federal agencies to touch on essential and strategic matters focused on Puerto Rico’s economic development, such as maximizing the air cargo exemption and reshoring.

“We seek to position Puerto Rico as an ideal jurisdiction amid the call made by the administration of U.S. President Joe Biden to bring the supply chain closer to the continental United States (reshoring),” Cidre said.

On the specific issue of reshoring, the DDEC Secretary will hold meetings with U.S. Department of Commerce officials. In this meeting, in addition to reshoring discussions, Cidre will talk about how Biden’s reform and the G7 agreements (comprising of the world’s seven largest so-called advanced economies) may affect Puerto Rico.

“We cannot lose perspective that two parallel processes are taking place, the Biden reform and the international agreements for a global minimum tax, and that may change the game and the strategy of how we position Puerto Rico in this scenario,” he said.

Finally, he will meet with Customs and Border Protection (CBP) staff and Charles Small, the Deputy Assistant Secretary of Intergovernmental Affairs at the U.S. Department of Transportation. He says he plans to discuss issues relating to the cargo and passenger transshipment waiver and the plans that have been worked on by DDEC and the Ports Authority.

Cidre will be returning to Puerto Rico on June 11.

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