Caribbean Basin Economic Recovery Act of 1983

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Caribbean Basin Economic Recovery Act of 1983
Andrew Jacobs, Jr. (D-IN) on May 11, 1983
  • Committee consideration by House Ways and Means
  • Passed the House on May 17, 1983 (382-41)
  • Passed the Senate on June 16, 1983 (86-4)
  • Reported by the joint conference committee on July 27, 1983; agreed to by the House on July 28, 1983 (392-18) and by the Senate on July 28, 1983 (90-7)
  • Signed into law by President Ronald Reagan
  • on August 5, 1983

    Caribbean Basin Economic Recovery Act of 1983 (CBERA) — P.L. 98-67 (August 5, 1983), Title II, authorized unilateral preferential trade and tax benefits for eligible Caribbean countries, including

    duty-free
    treatment of eligible products.

    In pursuant of 97 Stat. 385, beneficiary countries qualified for duty-free treatment.[1]

     Anguilla  Haiti
     Antigua and Barbuda  Honduras
     Bahamas  Jamaica
     Barbados  Montserrat
     Belize  Netherlands Antilles
     British Virgin Islands  Nevis
     Cayman Islands  Nicaragua
     Costa Rica  Panama
     Dominica  Saint Kitts
     Dominican Republic  Saint Lucia
     El Salvador  Saint Vincent and the Grenadines
     Grenada  Suriname
     Guatemala  Trinidad and Tobago
     Guyana  Turks and Caicos Islands

    Often referred to as the

    most-favored-nation) trade status. Special criteria applied to the duty-free import of ethanol through FY2000. Import-sensitive products, not accorded duty-free tariff treatment, are eligible to enter at lower than normal trade relations tariff rates. These products include handbags, luggage, flat goods (such as wallets, change purses, and key and eyeglass cases), work gloves, and certain leather wearing apparel.[2][3][4][5]

    Caribbean Basin Economic Recovery Law Revisions

    Amendments revising the duty-free treatment authorized by the Caribbean Basin Economic Recovery Act.

    Date of Enactment Public Law Number Statute Citation Legislative Bill Presidential Administration
    August 20, 1990
    Pub. L.Tooltip Public Law (United States) 101–382
    104 Stat. 629 H.R. 1594 George H.W. Bush
    May 18, 2000
    Pub. L.Tooltip Public Law (United States) 106–200 (text) (PDF)
    114 Stat. 251 H.R. 434 William J. Clinton
    December 20, 2006
    Pub. L.Tooltip Public Law (United States) 109–432 (text) (PDF)
    120 Stat. 2922 H.R. 6111 George W. Bush
    May 22, 2008
    Pub. L.Tooltip Public Law (United States) 110–234 (text) (PDF)
    122 Stat. 923 H.R. 2419 George W. Bush
    May 24, 2010
    Pub. L.Tooltip Public Law (United States) 111–171 (text) (PDF)
    124 Stat. 1194 H.R. 5160 Barack H. Obama II

    See also

    Caribbean Basin Trade Partnership Act
    Caribbean Basin Trade and Partnership Act
    Latin American debt crisis

    References

    1. ^ Reagan, Ronald W. (November 30, 1983). "Letter to the Speaker of the House and the President of the Senate on the Designation of 11 Countries as Caribbean Basin Economic Recovery Act Beneficiaries - November 30, 1983". Internet Archive. Washington, D.C.: National Archives and Records Service. pp. 1636–1637.
    2. ^ "S.544 - Caribbean Basin Economic Recovery Act". Congress. U.S. Congress. Retrieved 3 June 2018.
    3. ^ "Caribbean Basin Initiative (CBI)". USTR. Office of the United States Trade Representative. Retrieved 3 June 2018.
    4. ^ "Caribbean Basin Economic Recovery Act: Impact on U.S. Industries and Consumers and on Beneficiary Countries" (PDF). USITC. United States International Trade Commission. Retrieved 3 June 2018.
    5. ^ "Caribbean Basin Economic Recovery Act (CBERA)". U.S. Customs and Border Protection. Department of Homeland Security. Retrieved 3 June 2018.

    External links

    Public Domain This article incorporates public domain material from Jasper Womach. Report for Congress: Agriculture: A Glossary of Terms, Programs, and Laws, 2005 Edition (PDF). Congressional Research Service.