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 2015 and 2016. Requests to appear at the May 11 public hearing are due by April 13, pre-hearing briefs must be submitted by April 20, and post-hearing briefs are due by May 18. The ITC plans to transmit its report to Congress and the president by Sept. 29.
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, Dominica, Grenada, Guyana, Haiti, Jamaica, Montserrat, St. Kitts and Nevis, St. Lucia, St. Vincent and the Grenadines, and Trinidad and Tobago.