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The Caribbean Basin Initiative (CBI) is a broad programme to promote economic development through private sector initiative in the Central American and Caribbean countries. Subjects dealt with are preferential trade opportunities, customs procedures, U.S. regulatory requirements.
The Caribbean Basin Initiative (CBI) is a broad program to promote economic development through private sector initiative in Central American and Caribbean countries. A major goal of the CBI is to expand foreign and domestic investment in nontraditional sectors, thereby diversifying CBI country economies and expanding their exports. The Caribbean Basin Economic Recovery Act of 1983 (CBERA) (amended in 1990) and the Caribbean Basin Trade Partnership Act of 2000 (CBTPA), collectively known as CBI, provides customs duty-free entry to the United States on a permanent basis for a broad range of products from CBI beneficiary countries. The most recent piece of CBI legislation, the CBTPA, provides beneficiary countries certain trade benefits similar to Mexico's under the North American Free Trade Agreement (NAFTA).
Covers all aspects of the Caribbean Basin Initiative: country profiles and key contacts; U.S. government programs for business development (AID, Agriculture, Labor, Transportation, Treasury, Export-Import Bank); customs procedures and documentation (general entry, harmonized tariff schedule, general system of preferences); U.S. regulatory requirements (Agriculture Dept., EPA, FDA, National Marine Fisheries Service); and U.S. safeguards (anti-dumping duties, countervailing duties). Financing resources. Sample U.S. customs documents. Market information.
Outlines over 75 specific financing mechanisms and institutions designed to support domestic and foreign investment and trade in Central America and the Caribbean. Provides business people in all parts of the world with access to the critical information on these financing sources, including basic background, eligibility requirements, application procedures, and key contacts.