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Carriers flock to Puerto Rico’s pharma exports

Even as mutual funds and other creditors circle Puerto Rico and its besieged economy, looking to claw back some US$70 billion in debt, Cargolux and CAL Cargo Airline are adding flights to the unincorporated U.S. territory to capitalize on strong pharmaceutical exports.

For all its dismal financial press, Puerto Rico still has extensive pharmaceutical exports, which generate more than 25 percent of the island's GDP and account for approximately half of its manufacturing output.

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