Caribbean Basin Economic Recovery Act of 1983 (CBERA) — P.L. 98-67 (August 5, 1983), Title II, authorized unilateral preferential trade and tax benefits for eligible Caribbean countries, including duty-free treatment of eligible products.
Caribbean Basin Economic Recovery Act of 1983
Other short titles
Caribbean Basin Economic Recovery Act
Enterprise Zone Act of 1983
Interest and Dividend Compliance Act of 1983
International Trade and Investment Act
Long title
An Act to promote economic revitalization and facilitate expansion of economic opportunities in the Caribbean Basin region, to provide for backup withholding of tax from interest and dividends, and for other purposes.
Reported by the joint conference committee on July 27, 1983; agreed to by the House on July 28, 1983 (392-18) and by the Senate on July 28, 1983 (90-7)
Signed into law by President Ronald Reagan on August 5, 1983
In pursuant of 97 Stat. 385, beneficiary countries qualified for duty-free treatment.[1]
Often referred to as the Caribbean Basin Initiative (CBI). Amended several times, the last substantive revisions were made in the Caribbean Basin Economic Recovery Expansion Act of 1990 (P.L. 101–382, Title II, August 20, 1990). This made trade benefits permanent (repealing the September 30, 1995 termination date). The law 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 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 intended to ensure that increased production of sugar and beef will not adversely affect overall food production. Preferential tariff treatment does not extend to imports of: textiles and apparel subject to textile agreements, specified footwear, canned tuna, petroleum and its products, and watches or watch parts containing any material originating in countries denied normal trade relations (most-favored-nation) trade status. Special criteria applied 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 normal trade relations 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.[2][3][4][5]
^Reagan, Ronald W. (November 30, 1983). "Letter to the Speaker of the House and the President of the Senate on the Designation of 11 Countries as Caribbean Basin Economic Recovery Act Beneficiaries - November 30, 1983". Internet Archive. Washington, D.C.: National Archives and Records Service. pp. 1636–1637.
^"S.544 - Caribbean Basin Economic Recovery Act". Congress. U.S. Congress. Retrieved 3 June 2018.
^"Caribbean Basin Initiative (CBI)". USTR. Office of the United States Trade Representative. Retrieved 3 June 2018.
^"Caribbean Basin Economic Recovery Act: Impact on U.S. Industries and Consumers and on Beneficiary Countries" (PDF). USITC. United States International Trade Commission. Retrieved 3 June 2018.
^"Caribbean Basin Economic Recovery Act (CBERA)". U.S. Customs and Border Protection. Department of Homeland Security. Retrieved 3 June 2018.
External linksedit
Reagan, Ronald W. (July 14, 1983). "Statement on House of Representatives Action on the Caribbean Basin Initiative Legislation - July 14, 1983". Internet Archive. Washington, D.C.: National Archives and Records Service. p. 1037.
Reagan, Ronald W. (October 5, 1983). "Remarks at a White House Ceremony Marking the Implementation of the Caribbean Basin Initiative - October 5, 1983". Internet Archive. Washington, D.C.: National Archives and Records Service. pp. 1418–1420.
Reagan, Ronald W. (November 30, 1983). "Implementation of the Caribbean Basin Economic Recovery Act - November 30, 1983" (PDF). 98 Stat. 3527 ~ Presidential Proclamation 5133. U.S. Government Publishing Office.
Reagan, Ronald W. (December 1, 1983). "Statement by Deputy Press Secretary Speakes on Implementation of the Caribbean Basin Economic Recovery Act - December 1, 1983". Internet Archive. Washington, D.C.: National Archives and Records Service. pp. 1638–1639.
Reagan, Ronald W. (December 29, 1983). "Letter to the Speaker of the House and the President of the Senate on the Designation of Certain Countries as Caribbean Basin Economic Recovery Act Beneficiaries - December 29, 1983". Internet Archive. Washington, D.C.: National Archives and Records Service. pp. 1752–1753.
Reagan, Ronald W. (December 29, 1983). "To Amend Implementing the Caribbean Basin Economic Recovery Act - December 29, 1983" (PDF). 98 Stat. 3544 ~ Presidential Proclamation 5142. U.S. Government Publishing Office.
Reagan, Ronald W. (March 14, 1985). "To Amend Proclamation 5133 Implementing the Caribbean Basin Economic Recovery Act – March 14, 1985" (PDF). 99 Stat. 2022 ~ Presidential Proclamation 5308. U.S. Government Publishing Office.
Reagan, Ronald W. (April 11, 1986). "To Designate Aruba as a Beneficiary Country for Purposes of the Generalized System of Preferences and the Caribbean Basin Economic Recovery Act – April 11, 1986" (PDF). 100 Stat. 4426 ~ Presidential Proclamation 5458. U.S. Government Publishing Office.
Reagan, Ronald W. (March 23, 1988). "Modifying the Implementation of the Generalized System of Preferences and the Caribbean Basin Economic Recovery Act – March 23, 1988" (PDF). 102 Stat. 4966 ~ Presidential Proclamation 5779. U.S. Government Publishing Office.
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This article needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources Caribbean Basin Economic Recovery Act of 1983 news newspapers books scholar JSTOR May 2010 Learn how and when to remove this template message Caribbean Basin Economic Recovery Act of 1983 CBERA P L 98 67 August 5 1983 Title II authorized unilateral preferential trade and tax benefits for eligible Caribbean countries including duty free treatment of eligible products Caribbean Basin Economic Recovery Act of 1983Other short titlesCaribbean Basin Economic Recovery ActEnterprise Zone Act of 1983Interest and Dividend Compliance Act of 1983International Trade and Investment ActLong titleAn Act to promote economic revitalization and facilitate expansion of economic opportunities in the Caribbean Basin region to provide for backup withholding of tax from interest and dividends and for other purposes Enacted bythe 98th United States CongressEffectiveAugust 5 1983CitationsPublic law98 67Statutes at Large97 Stat 369CodificationTitles amended19 U S C Customs Duties26 U S C Internal Revenue CodeU S C sections created19 U S C ch 15 2701 2707U S C sections amendedI R C ch 1 1 et seq Legislative historyIntroduced in the House as H R 2973 by Andrew Jacobs Jr D IN on May 11 1983Committee consideration by House Ways and MeansPassed the House on May 17 1983 382 41 Passed the Senate on June 16 1983 86 4 Reported by the joint conference committee on July 27 1983 agreed to by the House on July 28 1983 392 18 and by the Senate on July 28 1983 90 7 Signed into law by President Ronald Reagan on August 5 1983In pursuant of 97 Stat 385 beneficiary countries qualified for duty free treatment 1 Anguilla Haiti Antigua and Barbuda Honduras Bahamas Jamaica Barbados Montserrat Belize Netherlands Antilles British Virgin Islands Nevis Cayman Islands Nicaragua Costa Rica Panama Dominica Saint Kitts Dominican Republic Saint Lucia El Salvador Saint Vincent and the Grenadines Grenada Suriname Guatemala Trinidad and Tobago Guyana Turks and Caicos IslandsOften referred to as the Caribbean Basin Initiative CBI Amended several times the last substantive revisions were made in the Caribbean Basin Economic Recovery Expansion Act of 1990 P L 101 382 Title II August 20 1990 This made trade benefits permanent repealing the September 30 1995 termination date The law 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 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 intended to ensure that increased production of sugar and beef will not adversely affect overall food production Preferential tariff treatment does not extend to imports of textiles and apparel subject to textile agreements specified footwear canned tuna petroleum and its products and watches or watch parts containing any material originating in countries denied normal trade relations most favored nation trade status Special criteria applied 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 normal trade relations 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 2 3 4 5 Contents 1 Caribbean Basin Economic Recovery Law Revisions 2 See also 3 References 4 External linksCaribbean Basin Economic Recovery Law Revisions editAmendments revising the duty free treatment authorized by the Caribbean Basin Economic Recovery Act Date of Enactment Public Law Number Statute Citation Legislative Bill Presidential AdministrationAugust 20 1990 Pub L Tooltip Public Law United States 101 382 104 Stat 629 H R 1594 George H W BushMay 18 2000 Pub L Tooltip Public Law United States 106 200 text PDF 114 Stat 251 H R 434 William J ClintonDecember 20 2006 Pub L Tooltip Public Law United States 109 432 text PDF 120 Stat 2922 H R 6111 George W BushMay 22 2008 Pub L Tooltip Public Law United States 110 234 text PDF 122 Stat 923 H R 2419 George W BushMay 24 2010 Pub L Tooltip Public Law United States 111 171 text PDF 124 Stat 1194 H R 5160 Barack H Obama IISee also editCaribbean Basin Trade Partnership Act Caribbean Basin Trade and Partnership Act Latin American debt crisisReferences edit Reagan Ronald W November 30 1983 Letter to the Speaker of the House and the President of the Senate on the Designation of 11 Countries as Caribbean Basin Economic Recovery Act Beneficiaries November 30 1983 Internet Archive Washington D C National Archives and Records Service pp 1636 1637 S 544 Caribbean Basin Economic Recovery Act Congress U S Congress Retrieved 3 June 2018 Caribbean Basin Initiative CBI USTR Office of the United States Trade Representative Retrieved 3 June 2018 Caribbean Basin Economic Recovery Act Impact on U S Industries and Consumers and on Beneficiary Countries PDF USITC United States International Trade Commission Retrieved 3 June 2018 Caribbean Basin Economic Recovery Act CBERA U S Customs and Border Protection Department of Homeland Security Retrieved 3 June 2018 External links editReagan Ronald W July 14 1983 Statement on House of Representatives Action on the Caribbean Basin Initiative Legislation July 14 1983 Internet Archive Washington D C National Archives and Records Service p 1037 Reagan Ronald W October 5 1983 Remarks at a White House Ceremony Marking the Implementation of the Caribbean Basin Initiative October 5 1983 Internet Archive Washington D C National Archives and Records Service pp 1418 1420 Reagan Ronald W November 30 1983 Implementation of the Caribbean Basin Economic Recovery Act November 30 1983 PDF 98 Stat 3527 Presidential Proclamation 5133 U S Government Publishing Office Reagan Ronald W December 1 1983 Statement by Deputy Press Secretary Speakes on Implementation of the Caribbean Basin Economic Recovery Act December 1 1983 Internet Archive Washington D C National Archives and Records Service pp 1638 1639 Reagan Ronald W December 29 1983 Letter to the Speaker of the House and the President of the Senate on the Designation of Certain Countries as Caribbean Basin Economic Recovery Act Beneficiaries December 29 1983 Internet Archive Washington D C National Archives and Records Service pp 1752 1753 Reagan Ronald W December 29 1983 To Amend Implementing the Caribbean Basin Economic Recovery Act December 29 1983 PDF 98 Stat 3544 Presidential Proclamation 5142 U S Government Publishing Office Reagan Ronald W March 14 1985 To Amend Proclamation 5133 Implementing the Caribbean Basin Economic Recovery Act March 14 1985 PDF 99 Stat 2022 Presidential Proclamation 5308 U S Government Publishing Office Reagan Ronald W April 11 1986 To Designate Aruba as a Beneficiary Country for Purposes of the Generalized System of Preferences and the Caribbean Basin Economic Recovery Act April 11 1986 PDF 100 Stat 4426 Presidential Proclamation 5458 U S Government Publishing Office Reagan Ronald W March 23 1988 Modifying the Implementation of the Generalized System of Preferences and the Caribbean Basin Economic Recovery Act March 23 1988 PDF 102 Stat 4966 Presidential Proclamation 5779 U S Government Publishing Office nbsp This article incorporates public domain material from Jasper Womach Report for Congress Agriculture A Glossary of Terms Programs and Laws 2005 Edition PDF Congressional Research Service Portals nbsp Agriculture nbsp Business nbsp Caribbean nbsp Latin America nbsp Law Retrieved from https en wikipedia org w index php title Caribbean Basin Economic Recovery Act of 1983 amp oldid 1198419281, wikipedia, wiki, book, books, library,
