International Focus Magazine Vol. 2, #4 | Page 29

sin Trade Partnership Act (CBTPA) and the 2008 Haitian Hemispheric Opportunity through Partnership Encouragement Act (HOPE II pro- vides duty-free access to the United States. The Haiti Economic Lift Pro- gram (HELP) Act of 2010 extended the CBTPA and HOPE II until 2020, while the Trade Preferences Exten- sion Act of 2015 extended trade ben- efits provided to Haiti in the HOPE and HELP Acts through September 2025. Apparel sector exports in 2015 reached $904 million and account for about 90% of Haitian exports and more than 10% of the GDP, which is approximately $8.259 billion (2015). Though Haitians have faced hard political and economic times, Haiti reveals a rich culture that is unique among post-colonial nations. The tourism industry is increasing as resorts and investments return this former Gem of the Antilles to its rightful place as a Caribbean tourist haven. There are many guest houses and several top brand hotels and resorts throughout Haiti. The beaches are idyllic, and Hai- ti’s mountainous terrain and national parks make it ideal for those who love to hike, camp, and explore not only the lush natural environment, but also his- toric forts. The museums in the capital of Port Haitian commodities exported pri- Au Prince offer excellent account- marily to the USA (85%) include ing of Haiti’s history, from the found- apparel, manufactured products, oils, ing fathers and their defense tactics to cocoa, mangoes, and coffee at about old documents and even the crown of $933.2 million. Imported commodi- Henri Christophe who ruled north ties – primarily from the Dominican Haiti in the 1800s. The city bustles Republic (35%), USA (25%), Nether- with numerous art galleries and street lands Antilles (9%), and China ( 9%)– vendors, and a Taïno Museum is also include food, manufactured goods, being developed. Official buildings machinery and transport equipment, and cathedrals in old cities across the fuels, and raw materials at approxi- country have their own charm as ex- mately $3.149 billion (2015). amples of French colonial architecture. With the current exchange rate at 1 Haitian Gourde = $0.01476 US, re- mittances from Haitians abroad have become the primary source of foreign exchange, equaling over one-fifth of GDP in 2015 and nearly double the combined value of Haitian exports and foreign direct investment. Haitian cuisine is unique yet typi- cally Caribbean as a wonder ful mix of French and African sensibilities with a strong dose of spices, and Haitian rum is arguably a favorite of connoisseurs. Haiti’s telecommunications infra- structure leaves room for private in- vestment. Mobile-cellular telephone Although a devastating 2010 earth- services have expanded greatly in the quake inflicted $7.8 billion in dam- last five years due to low-cost GSM age and caused the country’s GDP to phones and pay-as-you-go plans. contract, GDP growth rose in 2011 to There are over 125 television sta- 5.5% as the Haitian economy began tions throughout the country, includ- recovery. Unfortunately, growth slowed ing 1 government-owned, and cable again in 2015 to 2% as political insta- TV subscription service is available. bility, drought conditions, and imposed Of the nearly 500 radio stations, only depreciation of the national currency about 130 are licensed, including 1 took a toll on investments. Moreover, government-owned station and more Hurricane Matthew struck southwest- than 250 private and community radio ern Haiti in October 2016, causing stations. Internet users total over 1.2 widespread destruction with an esti- million. mated 2.1 million people affected. Transportation is another investment opportunity in Haiti, which operates 1 registered national air carrier and 14 airports, 4 with fully paved runways (2013). The major seaports are Port- au-Prince, Cap-Haitien, Gonaives, and Jacmel. Visitors to Haiti are required to have a valid passport, and citizens of most countries may stay for three months without a visa; however, Americans may not require a visa depending on the length of stay and return/onward passage being assured. Diplomatic representation by Haiti in the USA is maintained through am- bassadors and consuls in major cities with several honorary consuls in other metropolitan areas where Haitian im- migrants are found. US companies that require travel by foreign businessper- sons to the United States should di- rect potential Haitian travelers to The Bureau of Consular Affairs visa infor- mation and the US Embassy Port-au- Prince website. US companies can find more informa- tion at export.gov, at Doing Business in Haiti: 2014 Country Commercial Guide for U.S. Companies (PDF 766 KB) and at Haiti Investment Climate (PDF 160 KB). U.S. companies should also visit the export.gov page on Haiti to get an overview of the most cur- rent economic conditions and oppor- tunities. Contact local US Export As- sistance Center for advice and support on exporting to Haiti. Investors may also contact in-country business sup- port organizations such as the Ameri- can Chamber of Commerce in Haiti (AmCham Haiti). Marilyn Douglas-Jones is a foreign languages professor and founder of the Caribbean Impact Network. iF Magazine | www.iFMagazine.net 29