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Excerpt from Caribbean Basin Free Trade Agreements Act: Hearing Before the Subcommittee on Trade and the Subcommittee on Oversight of the Committee on Ways and Means, House of Representatives, One Hundred Third Congress, First Session on H. R. 1403; June 24, 1993 In order to assure the most productive use of the limited amount of time available to question hearing witnesses, witnesses scheduled to appear before the Subcommittee are required to submit 150 copies of their prepared statement to the Subcommittee on Trade office, room 1136 Long worth House Office Building, at least 24 hours in advance of their scheduled appearance. Failure to do so may result in the witness being denied the opportunity to testify in person. Any interested person or organization may file written comments for inclusion in the printed record of the hearing. Persons submitting written comments for the printed record should submit at least gig_igi copigs of their comments by the close of business Friday, July 2, 1993, to Janice Mays, Chief Counsel and Staff Director, Committee on Ways and Means, o.s. House of Representatives, 1102 Longworth House Office Build ing, Washington, D.C. 20515. If those filing written statements for the printed record of the hearing wish to have their statements distributed to the press and the interested public, they may provide 100 additional copies for this purpose to the Subcommittee office, room 1136 Longworth House Office Building, before the hearing begins. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Contents: (1) U.S. Preferential Trade Programs and the Caribbean Region: Background: Early Trade Preference Programs; Caribbean Basin (CB) Econ. Recovery Act of 1983: Special Access Program; CB Econ. Recovery Expansion Act of 1990; CB Trade Partnership Act and NAFTA Parity; CAFTA-DR and New Parity Issues; HOPE Act: New Trade Preferences for Haiti; (2) Trade Effects of Tariff Preferences; Imports by Duty: Effects of CBTPA: 2000-06; Effects of CAFTA-DR: 2006-08; Product Trends; Country Trends; (3) Trade Preference Programs: Econ. Perspectives; (4) U.S.-CB Trade Relations: Policy Options; Allow Trade Preference Programs to Expire; Reform Trade Preference Programs; Negotiate a Reciprocal FTA; (5) Outlook.
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On November 16, 2003, President George W. Bush formally notified Congress of his intention to negotiate a bilateral free trade agreement (FTA) with Panama. Negotiations commenced in April 2004 and concluded on December 19, 2006 at the close of the tenth round. As with all free trade agreements, the U.S.-Panama FTA enters into force only after the President signs into law implementing legislation passed by both Houses of Congress. Panama is a small U.S. trade partner, but benefits from significant U.S. investment and unilateral trade preferences (the Caribbean Basin Initiative and some that require congressional renewal -- the Caribbean Basin Trade Partnership Act and the Generalized System of Preferences). These preferences would be replaced and made permanent by the reciprocal FTA. The FTA had to reconcile the requirements of a relatively small developing country with those of a large developed one. For Panama, this meant addressing multiple trade liberalization goals, including expanding its globally competitive services sector, repositioning its much smaller manufacturing sector, and easing slowly into the international market its more protected and less competitive agricultural sector. For the United States, it meant building on a long-standing strategic military and commercial relationship, while accommodating the concerns of sensitive domestic ...