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
Textiles | On 22nd Oct 2016
The Central government is likely to extend the recently approved Rs...
Apparel/Garments | On 22nd Oct 2016
Reebok, a pioneer in the sporting goods industry, has brought sneaker ...
Everflow Petrofils Ltd
‘An innovative technology which India needs desperately is the...
Surat dominates foiling, embossing and pleating
‘One of the recent trends in hand block printing is the indigo process,...
Iago Castro Asensio
RCfil Distribuciones S.L.
Iago Castro Asensio, International Business Manager of RCfil...
Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...
Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...
Apparel/Garments | On 21st Oct 2016