TeachMeFinance.com - explain Caribbean Basin Economic Recovery Act of 1983 (CBERA)
Caribbean Basin Economic Recovery Act of 1983 (CBERA) The term 'Caribbean Basin Economic Recovery Act of 1983 (CBERA) ' as it applies to the area of agriculture can be defined as ' 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. This law is commonly 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)'.
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