Apart from the security crisis, there is uncertainty regarding the renewal of trade preferences for Haiti under the Hemispheric Opportunity through Partnership Encouragement (HOPE) Act and its complementary Haiti Economic Lift Programme (HELP), which offers certain garments duty-free access to the US market. The agreements will expire in September 2025.
Buyers are not convinced that the US Congress will renew the HOPE/HELP Act, Sassine told a Haitian news outlet.
It takes months to develop a relationship with a manufacturer and contracts take much longer to sign, and buyers cannot commit to something that they do not know will end in September, he said.
The CODEVI industrial park, which has 11 tenants manufacturing for 15 brands, now has 15,000 employees. It has lost about 6,000 workers since the crisis started and could lose another 6,000 if the HOPE/HELP law is not extended.
At the Caracol industrial park, there are only 2,900 jobs left and only one tenant, the Korean textile company Sae-A Trading Co., which operates under the name S&H Global in Haiti.
Fibre2Fashion News Desk (DS)