Hello Jamaica! The Caribbean Basin Initiative The trade programs known collectively as the Caribbean Basin Initiative (CBI) remain vital elements in U.S. economic relations with our neighbors in Central America and in the Caribbean. The CBI is intended to facilitate the economic development and export diversification of the Caribbean Basin economies. Initially launched in 1983, through the Caribbean Basin Economic Recovery Act (CBERA), and substantially expanded in 2000 through the U.S.-Caribbean Basin Trade Partnership Act (CBTPA), the Caribbean Basin Initiative (CBI) currently provides Jamaica with duty-free access to the U.S. market for most goods. On June 4, 2014, the Jamaica Exporters Association with sponsorship from the US Embassy, hosted a series of workshops in Kingston on the Caribbean Basin Initiative (CBI). Guest presenter, American trade lawyer Andrea Ewart, encouraged Caribbean countries to do more business with the United States under the facility, which, for 30 years, has allowed goods to enter U.S. markets duty-free.
Posted on: Wed, 21 Jan 2015 17:17:32 +0000
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