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The unveiling of the Caracol Industrial Park in the Northern part of Haiti

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The unveiling of the Caracol Industrial Park in the Northern part of Haiti

Here is a celebration to mark that the unveiling of the first stones for Caracol Industrial Park in the Northern part of Haiti in December 2011. The new 605-acre industrial park is expected to attract 65,000 jobs and was created as a result of the HOPE Act which offers duty-free access to the U.S. market. The park is estimate to cost $257 million and the major players include South Korean textile firm, Sae-A Trading Co Ltd that intends to create its own textile mill, the first ever in Haiti, with knitting and dyeing facilities. The U.S. government as well as IDB are also participating are some major investors.

Tags: industry, export, the hope act, duty-free, access, u.s. market, factory, textile

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