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Last updated: 1 year ago
News and Updates
Recent News
U.S. Increases Imports of Impregnated Fabrics from Haiti Under HOPE Act
Recent data shows a 12% increase in U.S. imports of impregnated or coated fabrics (HS Code: 5901) from Haiti, driven by the Haitian Hemispheric Opportunity through Partnership Encouragement (HOPE) Act, which provides duty-free access for certain textile products.
2023-10-15
Impact: This surge strengthens trade ties between the U.S. and Haiti, supporting Haitian textile industries and potentially increasing U.S. supply chain diversity for these materials.
Haiti Faces Export Challenges Due to Political Instability
Political unrest in Haiti has disrupted export logistics, including shipments of impregnated or coated fabrics to the U.S., causing delays and reduced trade volumes for HS Code 5901 products.
2023-09-22
Impact: Trade disruptions may lead to temporary shortages in the U.S. market and could prompt U.S. buyers to seek alternative suppliers if instability persists.
U.S. and Haiti Discuss Trade Expansion for Textile Products
Bilateral talks between U.S. and Haitian trade officials focused on expanding market access for impregnated and coated fabrics under existing trade agreements, aiming to boost Haitian exports to the U.S.
2023-08-10
Impact: If successful, these discussions could lead to increased trade volumes and further economic support for Haiti’s textile sector, benefiting both nations.
Policy Updates
Extension of HOPE Act Provisions
The U.S. Congress extended the Haitian Hemispheric Opportunity through Partnership Encouragement (HOPE) Act until 2030, continuing duty-free access for certain Haitian textile products, including impregnated or coated fabrics (HS Code: 5901), to the U.S. market.