Generic Investment Overview for Haiti – No Specific Leads

ba sil Fa ell el a en ee, | NW LF AY TT AS Centre De Formation Technique Pour L’Avancement Des Jeunes Du Sud’Est Inc. Introduction Background Investment into another country or internalization is a very important and scrupulous decision that a business has to make. As a rule, developing countries seek to attract investors in order to gain FDI (Foreign Direct Investment) and acquire technology. Mainly, the investors seek for variety of factors when going international. These factors include the following: e an area's business climate; education and training strengths; labor unionization; attitudes of local and state governments; available incentives; community attitude; commuting distance; transportation costs and proximity to roads; availability of transportation facilities; labor productivity and attitude toward productivity; cost of labor; availability of skilled and unskilled labor; availability and transfer of qualified technicians and managers; land availability and cost; cost of construction; proximity and access to markets; availability and cost of utilities; cost of living; tax structures and rates; insurance considerations; financing opportunities; banking services; social and cultural climate; quality of life; local and physical infrastructure; proximity to suppliers/resoutces; access to raw materials; CEO ownership preferences; Haiti (Republic of Haiti) is not a very easy place to invest. The country has a very unstable social and economic situation. It experienced a massive 7.0 earthquake and several subsequently large tremors, which led to the deaths of many citizens in January 2010. Currently, the country is experiencing problems with cholera, AIDS, high crime rates, high unemployment, and high illiteracy among other things. According to CIA Factbook Report (2010), 80% of the population lives “under the poverty line and 54% in abject poverty”. PO Box 666 Brentwood, NY 11717 © Phone (631) 273-4100 © Fax (631) 273-4111 © [email protected] © Wwww.cefotaj.org HOUSE_OVERSIGHT_019451