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

L-R Manish Singhai, COO, Peter England; Vinai Kumar Saxena, chairman, KVIC; Ashish Dikshit, business head, ABFRL and Anshu Sinha, CEO, KVIC while signing agreement. Courtesy: ABFRL

Textiles | On 24th May 2017

Aditya Birla & KVIC enter into a strategic partnership

Aditya Birla Fashion and Retail Ltd (ABFRL) and Khadi and Village...

Courtesy: Jabong

Apparel/Garments | On 24th May 2017

Jabong Mood Store redefines online shopping in India

Jabong, India's leading online fashion retailer, has launched the...

Textiles | On 24th May 2017

Starlinger unveils FX 8.0 circular loom for fabric making

Starlinger, a leading supplier of machinery for woven plastic...

Interviews View All

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Marten Alkhagen
Swerea IVF AB

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

Jay Ramrakhiani
Occasions Elegance Wear

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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

news category


Related Categories:
May 2017

May 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