The International Trade Administration under the US department of commerce recently announced that 376,935,586 square meters equivalent of apparel articles assembled in Haiti will be eligible for preferential treatment under the Haitian Hemispheric Opportunity Through Partnership for Encouragement (HOPE) Act from December 20 this year to December 19 next year.
Apparel articles entered in excess of this amount, which is 1.1 per cent higher than the previous year, will be subject to otherwise applicable tariffs.The International Trade Administration under the US department of commerce recently announced that 376,935,586 square meters equivalent of apparel articles assembled in Haiti will be eligible for preferential treatment under the Haitian Hemispheric Opportunity Through Partnership for Encouragement Act from December 20 this year to December 19 next year.#
HOPE provides for duty-free treatment for certain apparel articles imported directly from Haiti. To qualify for such treatment apparel articles must be wholly assembled or knit-to-shape in Haiti from any combination of fabrics, fabric components, components knit-to-shape, and yarns.
However, the sum of the cost or value of materials produced in Haiti or one or more countries described in HOPE, or any combination thereof, plus the direct costs of processing operations performed in Haiti or one or more specified countries, or any combination thereof, may not be less than an applicable percentage of the declared customs value of such apparel articles (60 per cent, for the period mentioned above).
Fibre2Fashion News Desk (DS)
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