Chinese investors from textile sector show interest to invest in Haiti

The 9th summit China-Latin America and Caribbean (LAC-CHINA) held at the Palace of Communication and Culture of Guadalajara, Mexico (13-15 October 2015), that recently concluded attracted with over 2,000 participants including nearly 1,500 entrepreneurs and Chinese investors from the textile industry, as per Haitian media reports.

While the Directorate of Free Zones of the Ministry of Trade and Industry (DZF) has increased its contacts with Chinese operators in the sector, the National Society of Industrial Parks (SONAPI) won at least 10 promises of Chinese entrepreneurs which should soon visit the parks of the Society in Haiti for investments, including in the textile and footwear sectors.

For Keren Marcellus and Marcus Boereau, representatives of the Investment Facilitation Center (CFI), the experience of LAC- CHINA proved clearly promising for foreign direct investment in Haiti. The Chinese are very interested to the country, especially in infrastructure construction, bio agriculture and textile manufacturing an interest reinforced for this last sector by the advantages of the HOPE act.

Guy Lamothe, ambassador of Haiti in his speech at the summit said that Haiti could receive financial aid from the Bank of the BRICS (Brazils, Russia, India, China, and South Africa) nations since China is among the key founders. He stressed on improving the Haitian economy by focussing on investments in textile manufacturing with over 56% of the inputs are from China, agriculture and tourism sectors of the country.