Biennial Review of Economic Impact of Caribbean Basin Preferences Underway
The International Trade Commission is inviting public input as part of its preparation of a biennial report on the economic impact of the Caribbean Basin Economic Recovery Act, which will cover the years 2013 and 2014. Written comments are due by June 1 and the ITC expects to transmit its report to Congress and the president by Sept. 30.
This report will examine the actual and probable future effects of CBERA on the U.S. economy generally as well as on those specific domestic industries that produce articles that are like, or directly competitive with, articles being imported into the U.S. from CBERA beneficiary countries. It will also assess the economic impact of this program on the economies of beneficiary countries, which are Antigua and Barbuda, Aruba, The Bahamas, Barbados, Belize, British Virgin Islands, Curaçao (designated Dec. 31, 2013), Dominica, Grenada, Guyana, Haiti, Jamaica, Montserrat, St. Kitts and Nevis, St. Lucia, St. Vincent and the Grenadines, and Trinidad and Tobago.