Home / Knowledge / News / Apparel/Garments / Haiti hopes to achieve $1.2bn garment exports in 2014
Haiti hopes to achieve $1.2bn garment exports in 2014
04
Feb '14
courtesy: CTMO-HOPE
courtesy: CTMO-HOPE
Haiti, the Caribbean country that shares the island of Hispaniola, in the Greater Antillean archipelago, with the Dominican Republic, is expecting to achieve US$ 1.2 billion in garment exports this year, according to the Presidential Commission implementing the Hope II Legislation (CTMO-HOPE) Secretariat.
 
The report ‘Outlook 2014: Made in Haiti-Growth and Expansion’, prepared by CTMO-HOPE Secretariat, says Haiti produced $800 million worth of garments in 2013, including 20 million dozen T-shirts and 1.5 million dozen jeans.
 
Last year, Haiti exported 1 million dozen cotton trousers (uniforms and khakis), 230,000 woolen men’s suits, 1.8 million dozen MMF innerwear and 9 million dozen cotton innerwear to the US, its main market. The buyers included Levy’s, Walmart, Target, Kohl’s, Jos A. Bank, Hanes, Gildan, Fruit-of-the-Loom, Hanes, Gap, and VF Corp.
 
Building on the last year’s performance, Haiti’s apparel sector is consolidating its position as a premier sourcing location for the manufacture of casual wear, for exporting to the US, Canada, Europe, South America and Asia.
 
In 2014, the goal is to secure orders creating 35,000 new jobs and attain $1.2 billion in value of exports with increased shipment of synthetic knit garments under HOPE-HELP, states the report.
 
Haiti has comparative advantage, as it is centrally located within easy reach of major markets like the US, Canada and the EU.
 
It also benefits from “No duty and favorable rules of origin for Made in Haiti apparel entering North America and Europe.”
 
Through the HOPE (2006) HOPE II (2008) and HELP (2010) Acts, the US Congress grants unique trade preferences to apparel cut and sewn in Haiti, using ports in Haiti and in the Dominican Republic.
 
On the other hand, Europe provides preferential access to Haitian products under the World Trade Organisation (WTO) norms, Generalised System of Preferences (GSP) and the Economic Partnership Agreement (EPA).
 
As per the December 2013 WTO Bali conventions, Haiti, being a least developed country (LDC), can seek bilateral preferences from both developed and developing countries such as Brazil, Mexico and Chile.
 
Further, the HELP Act directs USTR to accompany Haiti in bilateral trade negotiations with countries where the US maintains trade relations. The HOPE-HELP preferences are eligible for extension beyond 2020.
 

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Reliance Industries

Textiles | On 24th Apr 2017

Reliance’s FY17 revenue from petrochemicals up 12.2%

Increase in prices across polymers and polyester chain has...

Textiles | On 24th Apr 2017

India, Kazakhstan to increase cooperation in textiles

Indian and Kazakhstan are deliberating upon increasing cooperation in ...

Textiles | On 24th Apr 2017

GST reflects 'One nation, One aspiration' spirit: Modi

Prime Minister Narendra Modi has said that the Goods and Services Tax ...

Interviews View All

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search