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Haiti attracts Korean companies

Hansae will set up a production facility in Haiti. Hansae is a South Korean garment manufacturing company. It will build the factory for manufacturing garments and generate jobs for 5,000 people. It will help Hansae better serve its clients in the US market.

Retailers are on the lookout for opportunities to source production as costs rise in Asia. Hansae is mainly engaged in manufacturing garments like shirts, knits, women’s suits and casual apparel. It has production units in Guatemala, Indonesia and Vietnam, from where it exports to overseas buyers such as Abercrombie & Fitch, American Eagle, Gap, Hollister, Sears, Kohl's, Nike, Old Navy and others.

Textiles are a crucial component of Haiti’s economy. They represent Haiti’s largest manufacturing sector, accounting for 90 per cent of exports, and about 10 per cent of the country’s gross domestic product.

Most garment companies operating in Haiti focus on high volume, low margin apparel almost exclusively for the US mass market. Besides being close to North America, Haiti-based producers have competitive advantages that have enticed South Korean investors in recent years. Those include competitive labor costs, tax benefits and US legislation that expands duty-free access for textiles made in Haiti to include those made with fabrics sourced from anywhere.

 
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