Caribbean Basin

Caribbean Basin Initiative (CBI) and the GATT Policy Negotiations

In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Caribbean Basin Initiative (CBI): A non-reciprocal preferential arrangement established by the United States in 1984 to promote economic development in Caribbean countries; it was made a permanent program in 1990 under the Caribbean Basin Economic Recovery Act. Under the CBI, US duties are eliminated on all imports from beneficiary countries except textile and apparel products, canned tuna, footwear, certain leather goods, and certain watches and watch parts. Beneficiary countries are Antigua and Barbuda, the Bahamas, Barbados, Belize, British Virgin Islands, Costa Rica, Dominica, Dominican Republic, El Salvador, Grenada, Guatemala, Guyana, Haiti, Honduras, Jamaica, Montserrat, Netherlands Antilles, Nicaragua, Panama, St. Kitts and Nevis, St. Lucia, St. Vincent and the Grenadines, Suriname, and Trinidad and Tobago.

In the United States

For information about Caribbean Basin in the context of international trade, click here

Resources

See Also

Further Reading

• Information about Caribbean Basin in the Encyclopedia of World Trade: from Ancient Times to the Present (Cynthia Clark Northrup)

Caribbean Basin and the Laws of International Trade

United States-Caribbean Basin Trade Partnership Act and Caribbean Basin Initiative

Customs Trade Law