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: Michael Kors

Fashion | On 25th Jul 2017

Michael Kors to acquire Jimmy Choo

Global fashion luxury brand Michael Kors Holdings Limited has reached ...

Apparel/Garments | On 25th Jul 2017

VF Corp posts $2.4 billion revenue for Q2 2017

VF Corporation has recorded revenue of $2.4 billion, up 2 per cent,...

Textiles | On 25th Jul 2017

Egypt signs agreement with UNIDO for cotton production

Egypt has signed a €1.5 million ($1.74 million) cooperation agreement ...

Interviews View All

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


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



X