Home / Knowledge / News / Textiles / Former US Presidents urge more sops for quake-hit Haiti
Former US Presidents urge more sops for quake-hit Haiti
17
Apr '10
To attract investment to quake-ravaged Haiti that is still recovering from the January 12, 7.0 magnitude earthquake, former US Presidents, Bill Clinton and George W Bush have urged members of Congress to allow Haiti, triple the volume of its knitted and woven fabrics, which it currently exports to USA, under a duty-free trade access legislation.

This increase in amount will lure investments which will then help generate new jobs for people of Haiti. According to the government of Haiti, the quake had left about 300,000 dead and an equal number of Haitians were injured.

Extension from eight to 15 years of the trade preferences in the Haitian Hemispheric Opportunity via the Partnership Encouragement Act (HOPE II) legislation is also being tabbed at by both Bush and Clinton.

According to Clinton spokesperson, Angel Urena, “Keeping in mind the Clinton-Bush Haiti fund's mission to respond to urgent and short-term needs in post-earthquake Haiti, the aim is to not just help the Haitians, but rebuild their lives and livelihoods to a much better level than what they had earlier.”

Although three key Korean manufacturing companies are interested in investing in Haiti and are capable of employing 10,000 – 30,000 labourers, but they are reluctant, due to restricted benefits of HOPE II legislation.

The letter also stated that, if the investment triples job levels in the Haitian garment sector, then it will need new industrial space and infrastructure. This will help generate more construction jobs in Haiti.

Since the onset of HOPE, fourteen new companies, generating 16,000 additional jobs, have been attracted to Haiti. However, currently, there are 28 companies and only 28,000 employees in an industry that at one time employed 130,000 workers.

Currently, under HOPE II, Haiti can export 70 million square metres of fabric, duty-free, but under HOPE II, it now looks forward to exporting 250 million square metres that will account for only one percent of all US textile imports.

Fibre2Fashion News Desk - India

Must ReadView All

Textiles | On 29th Mar 2017

'Increase in demand for organic designer linen'

There has been an increase in the demand for organic designer linen....

Apparel/Garments | On 29th Mar 2017

Jo-Ann launches 'Buy Online, Pick Up in Store' service

Jo-Ann Fabric and Craft Stores, a specialty retailer of crafts and...

Courtesy: Pratibha Syntex

Textiles | On 29th Mar 2017

Pratibha Syntex wins C&A's Best Global Supplier Award

Pratibha Syntex, a leading manufacturer and exporter of knitted...

Interviews View All

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Sonam & Paras Modi
SVA

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search