The Caribbean Basin Initiative (CBI), a trade initiative initiated by the 1983 Caribbean Basin Economic Recovery Act (CBERA), is a United States program. The CBI came into effect on January 1, 1984, and aimed to provide several tariff and trade benefits to many Central American and Caribbean countries. Provisions in the CBERA prevented the United States from extending preferences to CBI countries that it judged to be contrary to its interests or that had expropriated American property.
The Caribbean Basin Economic Recovery Expansion Act of 1990, known as "CBI II", made the CBI permanent. However, once the United States entered into the North American Free Trade Agreement (NAFTA) in 1994 with Mexico it became easier for Mexico to export its products to the United States. CBI countries had lost their advantage relative to Mexico, a major competitor in industries such as textiles and apparel, so they sought to increase their own preferences and achieve "NAFTA parity". Those efforts were not successful until the 2000 Caribbean Basin Trade Partnership Act, which was broadened in 2002. Several exports from the region continue to receive preferential status in the United States, however those preferences will likely be replaced by bilateral free trade agreements, and possibly by the proposed Free Trade Area of the Americas.
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The CaribbeanBasinInitiative (CBI), a trade initiative initiated by the 1983 CaribbeanBasin Economic Recovery Act (CBERA), is a United States program...
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the Grenadines is a beneficiary of the U.S. CaribbeanBasinInitiative. The country belongs to the Caribbean Community (CARICOM), which has signed a framework...
in its member countries. Dominica is a beneficiary of the U.S. CaribbeanBasinInitiative (CBI). Its 1996 exports to the U.S. were $7.7 million, and its...
The CaribbeanBasin Trade Partnership Act (CBTPA) is a United States legislative act signed into law on May 18, 2000 by President Bill Clinton as part...
member countries. Antigua and Barbuda is a beneficiary of the U.S. CaribbeanBasinInitiative. Its 1998 exports to the U.S. were valued at about US $3 million...
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duties under the Generalized System of Preferences, 18 under the CaribbeanBasinInitiative, 38 under the African Growth and Opportunity Act, Canada and Mexico...
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1983 the United States unilateral and temporarily approved the CaribbeanBasinInitiative, allowing most countries in the region to benefit from several...
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anti-government rebels during the Angolan Civil War. It supported the CaribbeanBasinInitiative of 1984. CANF also operates the radio station La Voz de la Fundación...
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