CARIBBEAN: CBI Act Boosts Textile And Apparel Trade
Six months after the Caribbean Basin Trade Partnership Act went into effect, textile and apparel trade between the US and the Caribbean is on the upswing. The act, which became effective last October 1 provides duty-free and tariff-free entry for exports to the US provided they meet country of origin and other requirements. So far 12 of the 24 Caribbean Basin nations have met the criteria to qualify for the special trade preferences. They are Belize, Costa Rica, Domincan Republic, El Salvador, Guatemala, Guyana, Haiti, Honduras, Jamaica, Nicaragua, Panama and Trinidad and Tobago.
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