PORT-AU-PRINCE, (Reuters) – The U.S. and Haitian governments signed a deal on Tuesday with a South Korean garment manufacturer to develop an industrial park in quake-hit Haiti in one of the largest investment projects in the poor Caribbean country.
The project with South Korea’s Sae-A Trading Company Limited is also backed by the Inter-American Development Bank and intends to breathe new life into Haiti’s garment export industry and its shattered economy after a devastating earthquake a year ago.
The poorest country in the Western Hemisphere, Haiti is still reeling from the Jan. 12, 2010, disaster that killed up to a quarter of a million people.
