As of October 1st the manufacture, import and marketing of the plastics will be prohibited in Haiti.
A press release from Procomer reads:
The Government of Haiti, with its president Michel Martelly, has signed an order that prohibits the manufacture, import and marketing of plastic material from 01 October this year, as a way of improving environmental conditions and the image of the capital port au Prince.
Plastic imports resins increased from 243.700 tons in 2009 to 282.000 tons in 2010.
75% of plastic production is consumed in the domestic market and the rest is exported mostly to Central America.
"The majority of foreign sales are directed to the Central American market, and the rest goes to the Caribbean, Puerto Rico, Dominican Republic, Haiti, Trinidad and Tobago, United States, Mexico and some South American countries", reported Prensalibre.com .
Costa Rica has been paying more for its imports in recent years while the prices of its exports have failed to keep pace.
Taking the year 2000 as a basis of 100, Costa Rica's terms of trade fell to 91.9 in 2004 and 84 last year, said Finance Minister Guillermo Zúñiga. "And if we measure it now, I'm sure the figure will be lower still," he added.
The only other countries in the region whose terms of trade have worsened more are the three poorest – Nicaragua, Haiti and Honduras – according to the United Nations Economic Commission for Latin America and the Caribbean.
Not even one in 10 of Panama's scientists leaves the country to seek a higher salary and more opportunities career advancement – the lowest figure in Latin America and the Caribbean, according to the World Bank.
The World Bank reckons that a country suffers a "brain drain" when 10 percent of its citizens with higher studies in research and development choose to emigrate. The region's most severe brain drains are in Haiti and Jamaica, where 80 percent go abroad.
Factors such as production costs and labor, as well as security and economic stability seem to be more relevant to the textile companies that choose the country than tariff benefits.
The expiry on December 31 of the Tariff Preference Level (TPL) with the United States has not impacted the textile industry, as initially expected at least so far. According to the Nicaraguan Association of Textile and Apparel Industry (Anitec), the country still has attractive conditions for foreign investment in this sector.
So explained Elisa Chu Li-Hua , second secretary of the office of economic advice at the Taiwan embassy in Tegucigalpa. According to the diplomat, recently the global business advisory firm FTI Consulting evaluated 19 countries for investment risks, where Haiti, Venezuela, Honduras and Guatemala, are located in the top four, ie countries that are not suitable for investment.
Generates business opportunities by linking supply and demand of goods and services between Central America and the rest of the world.
Operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama
Phone: (506) 225 4786
As a Holding Company we are interested in helping other companies to succeed. We do that by investing in other companies with capital and or professional help to allow them to grow in exchange for ownership.
Operates in Panama and Panama
Phone: (507) 7202158