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Apparel - Haiti Observer Blog

Apparel, Haiti Observer Blog. Read the following articles about Apparel


 

The HOPE Act and Its Effect on the Haitian Economy

The Haitian HOPE (Hemispheric Opportunity through Partnership Encouragement) Act of 2006 (also known as HOPE I) was enforced on 6th Dec 2006. As a part of this Act, exports of certain Haiti-made apparels to U.S. were made tariff-free. The intention was to attract investment in apparel industry with the underlying plan being development and economic growth. The condition was that only those apparels will be made duty free whose raw materials were imported by Haiti from any country provided, a part of the sourced material must come from a country that is a part of U.S. Unilateral Preferential Trade Arrangement. Apart from this, Haiti was also required to establish:

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Haiti's garment and apparel industry, U.S. trade preference

Haiti is known for several industries in the global market, especially in terms of agriculture and tourism. But only a few know of the country's garment and apparel industry which is slowly growing with the help of the United States government.

The U.S. government has recently launched a U.S. trade preference with Haiti in order to promote the country's apparel industry. Haiti was able to export about 18 million dollars' worth of apparel to the United States on a duty-free provision for most of 2012, a highly significant increase as compared to previous trades years back. According to the U.S. Government's Accountability Office in a recent report, local apparel firms in Haiti have been receiving more credits which can be received through utilizing U.S.-made fabric and other related materials in exchange with the United States being granted with duty-free trade preferences.

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