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Caracol Industrial Park: Two Year Fast Facts on the U.S. Government's Work in Haiti

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Fact Sheet
Office of the Haiti Special Coordinator
December 28, 2011


The Challenge

Unemployment in Haiti is a big problem, with an estimated 40 percent of the population unemployed. From a peak employment of 100,000 in the early 1980s, employment in the garment sector has declined due to embargoes, insecurity, and lack of investment. U.S. trade preferences, enacted through the HOPE (2010) and HELP II (2008) legislation, have made Haiti a more attractive place to invest. In its National Action Plan, the Government of Haiti expressed its desire to create centers of economic development outside of Port-au- Prince for Haiti’s growth and to bring jobs to Haiti’s underserved regions. The Caracol Industrial Park is a first step toward achieving this goal, bringing together the Haitian and U.S. governments, the Inter-American Development Bank (IDB), and Sae-A Trading Co. Ltd.― Korea’s leading garment manufacturer. The park is projected to create 20,000 permanent jobs through Sae-A’s investment alone, and marks the first major public-private partnership to bring permanent jobs to Haiti since the January 2010 earthquake. At a ceremony in November 2011, the first stone was laid in the park, and operation and manufacturing activity is projected to begin in the first quarter of 2012.

Accomplishments

The U.S. Government, through the U.S. Agency for International Development (USAID), is supporting several key interventions to prepare for and support the Park.

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