Flag of the Commonwealth of Puerto Rico in front of Capitolio, San Juan, Puerto Rico. The COVID-19 Pandemic and Revival of the Puerto Rican Economy
A discussion of the COVID-19 pandemic in relation to the Puerto Rico pharmaceutical industry.
August 24, 2020 at 10:15 AM
7 minute read
The COVID-19 pandemic has brought to the forefront the importance of the United States having its own source for the production of pharmaceutical products. Puerto Rico's economic problems are directly related to the decline of its pharmaceutical industry when Internal Revenue Code Section 936 was repealed. Various leading pharmaceutical companies have operations in Puerto Rico. The reenactment of Section 936 provides an important opportunity for Congress to address the need for the United States to have a robust pharmaceutical industry and simultaneously enact economic development legislation for Puerto Rico to reinvigorate Puerto Rico's economy.
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