Caribbean Basin Initiative

E908213

United States trade program economic assistance program

The Caribbean Basin Initiative is a U.S. trade and aid program designed to promote economic development and export-led growth in Caribbean and Central American countries through preferential access to the U.S. market.

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Observed surface forms (2)

Surface form	Occurrences
Caribbean Basin Economic Recovery Act	1
Caribbean Basin Trade Partnership Act	1

Statements (44)

Predicate	Object
instanceOf	United States trade program ⓘ economic assistance program ⓘ
abbreviation	CBI NERFINISHED ⓘ
administeredBy	Office of the United States Trade Representative NERFINISHED ⓘ United States Customs Service NERFINISHED ⓘ United States Department of the Treasury NERFINISHED ⓘ
aim	encourage export-led growth ⓘ promote economic development in Caribbean countries ⓘ promote economic development in Central American countries ⓘ
beneficiaryType	developing countries ⓘ
benefit	duty-free access for certain goods ⓘ reduced tariffs on eligible imports ⓘ
component	development assistance ⓘ trade preferences ⓘ
country	United States of America ⓘ surface form: United States
eligibleRegion	Caribbean Basin NERFINISHED ⓘ
geographicScope	Western Hemisphere NERFINISHED ⓘ
goal	encourage export-oriented industrialization ⓘ reduce dependence on a narrow range of primary commodities ⓘ strengthen economic and political stability in the Caribbean Basin ⓘ
implementedBy	United States federal government NERFINISHED ⓘ
inResponseTo	economic difficulties in Caribbean and Central American countries in the early 1980s ⓘ geopolitical concerns in the Western Hemisphere during the Cold War ⓘ
legalBasis	Caribbean Basin Economic Recovery Act NERFINISHED ⓘ
mechanism	preferential access to the United States market ⓘ
objective	diversify Caribbean and Central American economies ⓘ increase non-traditional exports to the United States ⓘ support private sector growth in beneficiary countries ⓘ
partOf	United States Caribbean policy NERFINISHED ⓘ United States foreign economic policy NERFINISHED ⓘ
policyArea	economic development ⓘ foreign aid ⓘ trade policy ⓘ
regionServed	Caribbean ⓘ Central America ⓘ
relatedTo	Caribbean Basin Economic Recovery Act of 1983 NERFINISHED ⓘ Caribbean Basin Trade Partnership Act NERFINISHED ⓘ
sponsor	United States Congress NERFINISHED ⓘ
startTime	1983 ⓘ
successor	Caribbean Basin Trade Partnership Act NERFINISHED ⓘ
target	Caribbean Basin economies NERFINISHED ⓘ
tradeInstrument	quota exemptions ⓘ tariff preferences ⓘ
tradePreferenceType	unilateral trade preference program ⓘ

Referenced by (4)

Full triples — surface form annotated when it differs from this entity's canonical label.

Trinidad and Tobago–United States relations → USPartnerProgram → Caribbean Basin Initiative ⓘ

United States–Latin America trade → linkedAgreement → Caribbean Basin Initiative ⓘ

this entity surface form: Caribbean Basin Economic Recovery Act

United States–Latin America trade → linkedAgreement → Caribbean Basin Initiative ⓘ

this entity surface form: Caribbean Basin Trade Partnership Act