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US House of Representatives extends Haiti trade deal
16
Jun '15
The US House of Representatives has voted overwhelmingly (397 votes for 32 votes against) to adopt the Trade Preferences Extension Act of 2015 (HELP/HOPE) last week, the media has reported. The US Senate had passed the Act last month.

The House approved the trade preferences bill, retroactive renewal and an update to the Generalized System of Preferences (GSP) program and an extension (of 10 years - until 2025]) the Haiti HELP/HOPE program. The House also approved the extension of the African Growth and Opportunity Act (AGOA).

"Extension of the AGOA and the Haiti preferences program allows clothing and shoe companies to maintain business in those regions without disruption and with certainty that these key trade platforms will not expire," American Apparel and Footwear Association president and CEO Juanita D. Duggan said in a statement.

“The trade preferences legislation will provide immediate benefits to clothing and shoe companies. We are pleased to see the House pass the package today with overwhelming support and urge the Senate to follow suit promptly so that the legislation can be quickly signed into law,” Duggan said.

US Congressman Pat Tiberi stressed, "This will encouraged investment in Haiti and support its economic development and recovery efforts."

Another Congressman Adrian Smith declared that "Trade with Haiti. it is an important first step as we address trade today and tomorrow."

The government of Haiti and the Investment Facilitation Center (CFI) say they are proud to have actively supported the successful efforts of the Association of Industries of Haiti (ADIH), for the extension of the Preferential Trade Agreement of 2015 (HELP/HOPE). (SH)

Fibre2fashion News Desk – India


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