Santo Domingo, Dominican Republic, August 29, 2016: Within the framework of the 10th European Development Fund (EDF) Haiti-Dominican Republic Bi-national Programme, the Caribbean Export Development Agency (Caribbean Export) partnered with the Centre for the Facilitation of Investment of Haiti (CFI), and the Centre for the Promotion of Export and Investment of the Dominican Republic (CEI-RD) to participate at the Sourcing at Magic 2016 fair held in Las Vegas, Nevada from August 14-17, 2016.
Heralded as North America’s largest and most comprehensive apparel sourcing event, connecting the entire global supply chain of the fashion industry, Sourcing at Magic was the ideal occasion for Haiti and Dominican Republic to increase visibility for their textile and apparel sector, as well as build awareness about trade and investment opportunities available in both countries.
This activity is also a part of the implementation of the Joint Investment Promotion Strategy (JIPS), which was developed to attract Foreign Direct Investment (FDI), and facilitate diversification into value-added production of fashion accessories.
Visitors of SOURCING at MAGIC 2016 were introduced to the unique and creative forms of garments available to them from the Haitian and the Dominican textile and apparel industry, thereby enabling the CFI and CEI-RD to explore new business opportunities and engagement with potential investors, particularly from the United States and Latin America.
This mission also served to strengthen the links and collaboration with the Dominican Association of Chacabanas and hence contributing to the promotion of this high value added product from the Caribbean in representation of the Caribbean.