CARIBBEAN BASIN INITIATIVE

Domain	Definition
Agriculture	A permanent program designed to increase private investment, trade, and tourism in Caribbean countries, initially created by the Caribbean Basin Economic Recovery Act of 1983 and amended several times. It gives preferential trade and tax benefits for eligible Caribbean countries, including duty-free entry of eligible products. To be eligible, an article must be a "product" of (as defined in the U.S. general rules of origin) a beneficiary country and imported directly from it, and at least 35% of its import value must have originated in one or more CBERA beneficiaries. Slightly different import value rules apply to articles entering from Puerto Rico and the Virgin Islands. The duty-free import of sugar and beef products is subject to a special eligibility requirement that a beneficiary country submit and carry out a stable food production plan ensuring that increased production of sugar and beef will not adversely affect overall food production. Preferential tariff treatment, though, does not extend to imports of: textiles and apparel subject to textile agreements, specified footwear, canned tuna, petroleum and its products, and watches and watch parts containing any material originating in countries denied most-favored-nation trade status. Special criteria apply 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 most-favored-nation 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. (CBI). (references)
Source: compiled by the editor from various references; see credits.

Non-Fiction Usage: CARIBBEAN BASIN INITIATIVE

Subject	Topic	Quote
Economic History	Grenada	Grenada also is a beneficiary of the U.S. Caribbean Basin Initiative. (references)
	Dominica	Dominica is a beneficiary of the U.S. Caribbean Basin Initiative (CBI). (references)
	St. Kitts and Nevis	St. Kitts and Nevis is a beneficiary of the U.S. Caribbean Basin Initiative. (references)
Political Economy	THE BAHAMAS	Designation under the Caribbean Basin Initiative (CBI) trade program allows qualified Bahamian goods to enter the United States duty-free. (references)
	EL SALVADOR	President Clinton signed into law in 2000 the Caribbean Basin Trade Partnership Act (CBTPA), which expanded the access to the U.S. market granted to El Salvador and other countries participating in the Caribbean Basin Initiative. (references)
	TRINIDAD AND TOBAGO	The former was proclaimed into law on January 30, 1998, and the latter came into force on April 18, 1998. As a member of the Caribbean Basin Initiative, the government is committed to prohibiting unauthorized broadcasts of U.S. programs. (references)
Trade	Trinidad	Trinidad and Tobago is one of the 23 countries benefiting from the Caribbean Basin Initiative (CBI). (references)
	Bahamas	Membership In Free Trade Arrangements: The Bahamas is a beneficiary of the U.S. Caribbean Basin Initiative (CBI), Canada's CARIBCAN Program, and the European Union's LOME IV Agreement. (references)
	Nicaragua	The Nicaraguan government expects the remaining trade agreements to enter into effect in 2002. Nicaragua is a Caribbean Basin Initiative beneficiary; the country is not a beneficiary of the Generalized System of Preferences (GSP). (references)
Source: compiled by the editor from ICON Group International, Inc.; see credits.