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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)'. Previous 5 Terms: cardiology Care Plan Caregiver Cargo preference Cargo Preference Act Next 5 Terms: Caribbean Basin Initiative (CBI) caricology caricous carinated cariniform About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.