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This bill matters because it provides crucial economic support to Haiti, a nation that has faced significant challenges including political instability, natural disasters, and poverty. By extending duty-free access for Haitian products, especially apparel, the U.S. helps sustain jobs and economic activity in Haiti, promoting stability and growth.
If this bill becomes law, Haitian businesses will have certainty for another decade, allowing them to plan, invest, and create more jobs, which is vital for the country's recovery and development. If it doesn't pass, these special trade preferences would expire in 2025, potentially leading to increased costs for Haitian exports, reduced competitiveness in the U.S. market, and a severe blow to Haiti's already fragile economy. This could result in job losses and further economic hardship for the Haitian people, directly impacting their livelihoods.
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This bill matters because it provides crucial economic support to Haiti, a nation that has faced significant challenges including political instability, natural disasters, and poverty. By extending duty-free access for Haitian products, especially apparel, the U.S. helps sustain jobs and economic activity in Haiti, promoting stability and growth.
If this bill becomes law, Haitian businesses will have certainty for another decade, allowing them to plan, invest, and create more jobs, which is vital for the country's recovery and development. If it doesn't pass, these special trade preferences would expire in 2025, potentially leading to increased costs for Haitian exports, reduced competitiveness in the U.S. market, and a severe blow to Haiti's already fragile economy. This could result in job losses and further economic hardship for the Haitian people, directly impacting their livelihoods.
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