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Extend deadline for Caribbean Basin Trade Partnership Act, urge US apparel companies

  

A group of American apparel companies recently urged US Trade Representative\ Robert Lighthizer, to extend the Caribbean Basin Trade Partnership Act beyond September 30 According to Lighthizer, this will benefit both Haiti and the United States.

The Caribbean Basin Trade Partnership Act provides duty-free and quota-free access for apparel made in eligible countries, as long as the fabrics are made and cut in the United States. It builds on a larger trade preference program, the Caribbean Basin Economic Recovery Act, which has been in place since 1983 and has no expiration date

The Carribean Basin Trade Partnership Act operates in concert with the Haitian Hemispheric Opportunity through Partnership Encouragement Act and the Haiti Economic Lift Program Act American textiles manufactured as part of this program helped increase US exports to Haiti to about $6 billion cumulatively from 2014 through 2018.

These acts have also supported many jobs for American workers, incentivized private sector-led economic development in the region, including investment in the Haitian economy that has helped to reduce extreme poverty, and advanced other important US foreign policy goals.

 
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