Home / Knowledge / News / Apparel/Garments / Introduction of legislation to rebuild apparel industry future
Introduction of legislation to rebuild apparel industry future
04
Feb '10
In an effort to give Haiti a badly needed economic boostin the wake of last month's devastating earthquake, U.S. Senators Ron Wyden (D-Ore.) and Bill Nelson (D-Fla.) introduced legislation to rebuild the country's apparel industry, which prior to the quake accounted for three-quarters of the nation's exports and employed more than 25,000 Haitians.

Since the Jan. 12 earthquake, Haiti's apparel industry has experienced a nearly 50 percent reduction in capacity. At least one apparel factory was destroyed with more than 500 of its workers losing their lives in the collapse.

Wyden's and Nelson's “Renewing Hope for Haiti Act” aims to guarantee a future for this essential industry by providing the policy framework necessary to help Haiti get its apparel sector up and running.

“The millions of aid dollars flowing into Haiti right now are essential to addressing the immediate crisis, but Haiti's long-term survival depends on immediate steps being taken to protect its economic future,” said Wyden, Chairman of the Senate subcommittee on International Trade, Customs and Global Competitiveness. “By renewing pro-Haitian provisions in U.S. trade law, streamlining customs processes and opening up avenues for foreign investment, the U.S. can have a significant impact on this fragile economy and restore a much-needed sense of normalcy.”

“Economic assistance for Haiti is critical right now,” said Nelson. “That's because long-term stability there will be determined in large part by Haiti rebuilding a viable economy.”

Haiti's apparel industry has grown in recent years thanks to existing U.S. laws that allow Haiti to export apparel to the U.S. duty-free under more liberal rules than the U.S. extends to its other trading partners. The Renewing Hope Act will renew these trade laws, some of which were set to expire in September. Renewing this law now will send a clear signal to U.S. retailers that they do not need to look to China and other Asian countries to fill orders but will instead be able to continue doing business with Haitian producers.

The legislation also creates an executive branch task force which will be led by the Department of Treasury. This task force will be charged with identifying obstacles to foreign investment in Haiti and facilitating economic growth and poverty reduction. The Renewing Hope Act will also deploy resources and personnel from the U.S. Customs and Border Patrol to facilitate trade between Haiti and the U.S. and the Dominican Republic. Having Customs agents on the ground in Haiti will help Haitian producers fast-track their exports and secure their supply chain in order to get Haitian factories up and running again.

U.S. Senators Ron Wyden


Must ReadView All

ITC, ICS tie up to help Moroccan textile value chain

Textiles | On 21st Apr 2018

ITC, ICS tie up to help Moroccan textile value chain

The International Trade Centre (ITC) has partnered with ICS, which...

Bangladesh garment manufacturers call for fair pricing

Apparel/Garments | On 21st Apr 2018

Bangladesh garment manufacturers call for fair pricing

Bangladesh garment manufacturers want a ‘commensurate adjustment’ by...

Pak ministry proposes extension to PM package for 2018-19

Textiles | On 21st Apr 2018

Pak ministry proposes extension to PM package for 2018-19

Pakistani textile ministry has reportedly proposed extending the...

Interviews View All

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Jay Ramrakhiani
Occasions Elegance Wear

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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

Leave your Comments


April 2018

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

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

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

Yes No

Active Poll

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

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

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

Yes No

Active Poll

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

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

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

Active Poll

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

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


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