The value of US imports of textiles and apparel entering under CBERA trade preferences rose 12.7 per cent over the 2013 level to $389.8 million in 2014. Haiti was the leading CBERA supplier of US textile and apparel imports in 2014, accounting for over 90 per cent of such imports, the report said.
From 2013 to 2014, US imports of textiles and apparel from Haiti rose 10 per cent to $843.2 million, with virtually all US imports of apparel from Haiti entering free of duty under trade preference programmes.
In 2014, US imports of apparel from Haiti under the HOPE/HELP Acts surpassed those under CBERA and accounted for over half of total US apparel imports that entered free of duty into the United States.
“In 2014, the continued growth of U.S. imports of apparel from Haiti and the establishment of new apparel manufacturing facilities there is attributed in large part to the trade preference programme established by the HOPE/HELP Acts,” the report said.
However, the overall effect of CBERA exclusive imports on the US economy generally and on US industries and consumers continued to be negligible in 2014. On the other hand, US industries supplying garment pieces, yarn, and fabric to CBERA apparel producers benefit from enhancements to CBERA, such as the Caribbean Basin Trade Partnership Act.
“Moreover, investment in CBERA countries increasingly targets export-oriented services, such as tourism, finance, and telecommunications, rather than the manufacturing of CBERA-eligible export goods,” states the report.
“Investment rose significantly in Haiti's export-oriented apparel sector, but Haiti is—and will likely remain—a small US apparel supplier compared to globally competitive producers in Central America and Asia,” the report said. (RKS)
Fibre2Fashion News Desk – India
Textiles | On 28th May 2022
The US economy will continue to expand for the rest of this year, the ...
Apparel/Garments | On 28th May 2022
Garment exports from Sri Lanka stood at $1360.6 million in...
The Nordic Swan Ecolabel, the official ecolabel of the Nordic...
Water stewardship Stakeholders
Water use efficiency remains relatively unexplored
Textile Industry Head honchos
Fabric selection & recommendation based on client's brief
Vandana Narang National Institute of Fashion Technology
Campus placements are low due to lockdowns
Eric Durivault
<font color="#333333" face="Helvetica, sans-serif">IDELAM is a...
Alberto Candiani & Simon Giuliani
Candiani Denim was established in 1938 in a tiny town near Milano and is a ...
Juan Pares Boj
Textil Santanderina is a cutting-edge textile company located in...
Steve McCullough & Marco Weichert Functional Fabric Fair & Design and Development GmbH Textile Consult respectively
Functional Fabric Fair is a trade-exclusive event showcasing the latest...
Daniel Odermatt Ventile
Ventile is a registered trademark used to brand a special high-quality...
Giulio Cesareo Directa Plus
UK-based Directa Plus is one of the largest producers and suppliers...
Alvaro Mars Label - Alvaro Mars
Alvaro Mars is designer of his eponymous and a non-binary brand that plays ...
Rocky Star Label - Rocky Star
<b>Rocky Star,</b> an Indian designer known for his inspiration from the...
Ester Kubisz Label - Ester Kubisz
Ester Kubisz, a London-based designer and founder of her eponymous label,...
Press Release
Letter to Editor
RSS Feed
Search Companies
editorial@fibre2fashion.com
Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.
Subscribe today and get the latest information on Textiles, Fashion, Apparel.
By submitting you confirm you have read our Terms & Conditions and Privacy Policy.