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Haiti - Economy : The Dominican businessman Capellán proposes an economic alliance between the USA and Haiti
08/02/2022 07:17:58

Haiti - Economy : The Dominican businessman Capellán proposes an economic alliance between the USA and Haiti
During the Forum of the Unit of Studies of Haiti, of the "Center of studies German Father, SJ", of the "Pontificia Universidad Católica Madre y Maestra", the Dominican businessman Fernando Capellán President of the consortium of "Grupo M" companies and the CODEVI company in Ouanaminthe, responsible for more than 20% of textile jobs in Haiti https://www.haitilibre.com/en/news-26459-haiti-economy-a-dominican-responsible-for-more-than-20-of-textile-jobs-in-the-country.html proposed that the United States and Haiti agree and develop a constructive partnership to promote a sustainable economy, in unison with the fight against corruption and strengthening the rule of law.

He believes that despite its current instability, Haiti is well placed to develop a constructive partnership with American companies and promote a sustainable economy, while fighting corruption and strengthening the rule of law.

He explained that the commercial collaboration he proposes could provide enormous benefits for the American economy, stressing that Haiti could become the missing link for American manufacturers looking for a qualified workforce and plentiful near their markets. Recalling that the textile and clothing industry plays a fundamental role in the Haitian economy, because it is the largest employer in the country and represents 90% of its exports.

Capellán, believes that this relationship must consider shared economic opportunities for the United States, covering their basic needs in light manufacturing as for the Haitian people and the Dominican Republic.

He explained that through preferential trade programs: the Caribbean Basin Economic Recovery Act (CBERA), the Caribbean Basin Trade Association Act (CBTPA), the Haitian Hemisphere Through the association (HOPE) and the Haiti Economic Program (HELP), most clothing manufactured in Haiti enters the United States duty-free.

"These programs are the cornerstone of an industry that supports the consumption of materials of American origin and also promotes the creation of business clusters in areas surrounding industrial parks," he said.

He also indicated that multilateral organizations, such as the Inter-American Development Bank and the World Bank, have collaborated in the construction of a network of industrial facilities in Port-au-Prince and in northern Haiti, where the Caracol Industrial Park and CODEVI has an unparalleled manufacturing infrastructure, home to several major global brands that enjoy duty-free access to the US market.

“Haiti is known for its private labels and high-quality clothing. Therefore, as US companies strive to improve the apparel value chain, Haiti could become the profitable manufactory of the Western Hemisphere, supplying labor-intensive products such as clothing, footwear and toys on the American market at competitive prices", explained Capellán who is convinced that Haiti is the right partner for brands, retailers and investors "In addition, since production in Asia is no longer as profitable as it was, the proximity to Haiti represents the most economically viable decision for U.S. businesses."

See also :
https://www.haitilibre.com/article-836-haiti-republique-dominicaine-la-codevi-une-solution-a-la-migration-illegale.html (in french)

SL/ HaitiLibre

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