Although only three account holders are actively earning credits and two have begun to use them, in the 12-month period ending November 19, 2012, the number of credits OTEXA issued increased to about 42 million SMEs from approximately 8 million SMEs during the same period 1 year earlier.
Similarly, over this period, the number of credits redeemed, or used by account holders increased to about 25 million SMEs from approximately million SMEs in 2011. In addition, exports of Haitian apparel to the United States under EIAP have grown faster than non-EIAP exports.
Last year, we reported that about $350,000 in Haitian apparel had been exported to the United States under EIAP from January through August of 2011--about 0.07 percent of all Haitian apparel exported to the United States during that period.
In contrast, from January through August of 2012, nearly $18 million in Haitian apparel was exported under EIAP--about 4 percent of Haitian apparel exported to the United States during this period.
Increased use of the program may be due to the growing awareness of companies already producing apparel in Haiti that their ongoing trade activities may qualify for additional benefits under EIAP.
Click here to view the full report.
U.S. Government Accountability Office
Apparel/Garments | On 28th May 2017
Over 45 per cent retailers in the US plan to utilise artificial...
Textiles | On 27th May 2017
The Fabric of Change initiative of Ashoka and the C&A Foundation is...
‘Buying crowdsourced or creative designs are much more appealing to the...
‘In future, clothing boundary lines will become increasingly blurred.’
Ozone PB Spintex Limited
‘We have made huge investments to ensure quality yarn production.’
Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...
Nature Works LLC
Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...
Suominen Corporation is a manufacturer of nonwovens as roll goods for...
Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...
"We should not compare India and the West. There are things we do that...
Somaiya Kala Vidya
Among the many honours showered on Frater, including Fulbright and Ford...
Apparel/Garments | On 26th May 2017