Bill 119 hr 1625, also known as the "Haiti Economic Lift Program Act of 2021," aims to extend duty-free treatment for imports from Haiti under the Caribbean Basin Economic Recovery Act. This legislation is designed to support economic development and job creation in Haiti by allowing certain goods to enter the United States without being subject to tariffs.
The bill also includes provisions to strengthen accountability and transparency in the trade relationship between the US and Haiti. It requires the US Trade Representative to report to Congress on the impact of the duty-free treatment on both countries, as well as on efforts to combat corruption and improve labor standards in Haiti.
Additionally, the bill includes measures to promote investment in Haiti, such as providing technical assistance to Haitian businesses and encouraging US companies to invest in the country. It also aims to support the development of Haiti's agricultural sector by promoting sustainable farming practices and increasing access to markets for Haitian agricultural products.
Overall, Bill 119 hr 1625 seeks to build on the success of the Caribbean Basin Economic Recovery Act and further strengthen the economic partnership between the US and Haiti. By extending duty-free treatment for Haitian imports and promoting investment and development in Haiti, this legislation aims to support economic growth and stability in the region.