Apart from the security crisis, there is uncertainty regarding the renewal of trade preferences for Haiti under the Partnership for Promotion of Hemispheric Opportunities (HOPE) Act and its complementary Haiti Economic Lift Program (HELP); Provide duty-free access to the United States for goods. market. The contract expires in September 2025.
Georges Sasin, former president of the Haitian Industry Association, said Haiti’s garment manufacturing industry, which employed 62,000 workers as of December 2021, has lost 64 percent of its workforce in three years. Ta. Apart from the security crisis, there is uncertainty regarding the renewal of trade preferences for Haiti under the HOPE/HELP Act. The contract expires in September 2025.
Sasin told Haitian news outlets that buyers are not confident that the U.S. Congress will renew the HOPE/HELP Act.
It takes months to build relationships with manufacturers, even more time to sign contracts, and buyers can’t commit to something they don’t know will end in September, he said.
CODEVI Industrial Park has 11 tenants producing 15 brands and currently employs 15,000 people. The company has lost about 6,000 workers since the crisis began and could lose another 6,000 if the HOPE/HELP Act is not extended.
Only 2,900 jobs remain in the Caracol Industrial Park, and only one tenant is Sae-A Trading Co., a South Korean textile company operating in Haiti under the name S&H Global.
Fibre2Fashion News Desk (DS)
