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(2007-01) CRS - Haitian Textile Industry: Impact of Proposed Trade Assistance

(2007-01) CRS - Haitian Textile Industry: Impact of Proposed Trade Assistance

Congressional Research Service 2007 6 pages
Summary — This report analyzes the potential impact of proposed trade assistance, specifically the HOPE Act, on the Haitian textile industry. It considers both the potential benefits of eased restrictions on component origins and the challenges posed by Haiti's political and business climate.
Key Findings
Full Description
This report examines the potential impact of proposed trade assistance, particularly the HOPE Act, on the Haitian textile industry. The legislation aims to improve Haiti's economic conditions by loosening restrictions on the origins of apparel components sewn in Haiti and exported to the United States, effectively allowing most of those exports to enter duty-free. While these changes could significantly benefit Haitian manufacturing, the report acknowledges that poor conditions in Haiti, including extreme poverty, political unrest, and eroding natural resources, may hinder any significant near-term gains. The report also considers the effects of the WTO's textile quota phaseout on Haiti's ability to compete in the global market.
Topics
EconomyTradeGovernance
Geography
National
Time Coverage
2002 — 2006
Keywords
Haiti, textile industry, apparel, trade, HOPE Act, Caribbean Basin Trade Partnership Act, CBTPA, trade preferences, economic development, manufacturing, exports, imports
Entities
Haiti, United States, Congress, CIA, World Bank, WTO, China, India, Dominican Republic, U.S. Agency for International Development