Caribbean Basin Economic Recovery Act of 1983

{{More citations needed|date=May 2010}}

{{Infobox U.S. legislation

| shorttitle = Caribbean Basin Economic Recovery Act of 1983

| othershorttitles = {{unbulleted list|Caribbean Basin Economic Recovery Act|Enterprise Zone Act of 1983|Interest and Dividend Compliance Act of 1983|International Trade and Investment Act}}

| longtitle = 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.

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| enacted by = 98th

| effective date = August 5, 1983

| public law url = http://www.gpo.gov/fdsys/pkg/STATUTE-97/pdf/STATUTE-97-Pg369.pdf

| cite public law = 98-67

| cite statutes at large = {{usstat|97|369}}

| acts amended =

| acts repealed =

| title amended = {{unbulleted list|19 U.S.C.: Customs Duties|26 U.S.C.: Internal Revenue Code}}

| sections created = {{Usc-title-chap|19|15}} §§ 2701-2707

| sections amended = {{Usc-title-chap|26|1}} § 1 et seq.

| leghisturl = http://thomas.loc.gov/cgi-bin/bdquery/z?d098:HR02973:@@@R

| introducedin = House

| introducedbill = {{USBill|98|H.R.|2973}}

| introducedby = Andrew Jacobs, Jr. (D-IN)

| introduceddate = May 11, 1983

| committees = House Ways and Means

| passedbody1 = House

| passeddate1 = May 17, 1983

| passedvote1 = [http://www.govtrack.us/congress/votes/98-1983/h115 382-41]

| passedbody2 = Senate

| passedas2 =

| passeddate2 = June 16, 1983

| passedvote2 = [http://www.govtrack.us/congress/votes/98-1983/s157 86-4]

| conferencedate = July 27, 1983

| passedbody3 = House

| passeddate3 = July 28, 1983

| passedvote3 = [http://www.govtrack.us/congress/votes/98-1983/h263 392-18]

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| passedbody4 = Senate

| passeddate4 = July 28, 1983

| passedvote4 = [http://www.govtrack.us/congress/votes/98-1983/s224 90-7]

| signedpresident = Ronald Reagan

| signeddate = August 5, 1983

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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.

In pursuant of 97 Stat. 385, beneficiary countries qualified for duty-free treatment.{{cite web |url=https://archive.org/details/4732328.1983.002.umich.edu/page/1636 |title=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 |last=Reagan |first=Ronald W. |date=November 30, 1983 |website=Internet Archive |location=Washington, D.C. |publisher=National Archives and Records Service |pages=1636–1637}}

style="width: 60%; border: none; text-align: left;"
{{Flagcountry|Anguilla}}	{{Flagcountry|Haiti}}
{{Flagcountry|Antigua and Barbuda}}	{{Flagcountry|Honduras}}
{{Flagcountry|Bahamas}}	{{Flagcountry|Jamaica}}
{{Flagcountry|Barbados}}	{{Flagcountry|Montserrat}}
{{Flagcountry|Belize}}	{{Flagcountry|Netherlands Antilles}}
{{Flagcountry|British Virgin Islands}}	{{Flagcountry|Nevis}}
{{Flagcountry|Cayman Islands}}	{{Flagcountry|Nicaragua}}
{{Flagcountry|Costa Rica}}	{{Flagcountry|Panama}}
{{Flagcountry|Dominica}}	{{Flagcountry|Saint Kitts}}
{{Flagcountry|Dominican Republic}}	{{Flagcountry|Saint Lucia}}
{{Flagcountry|El Salvador}}	{{Flagcountry|Saint Vincent}}
{{Flagcountry|Grenada}}	{{Flagcountry|Suriname}}
{{Flagcountry|Guatemala}}	{{Flagcountry|Trinidad and Tobago}}
{{Flagcountry|Guyana}}	{{Flagcountry|Turks and Caicos Islands}}

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.{{cite web |title=S.544 - Caribbean Basin Economic Recovery Act |url=https://www.congress.gov/bill/98th-congress/senate-bill/544 |website=Congress |publisher=U.S. Congress |accessdate=3 June 2018}}{{cite web |title=Caribbean Basin Initiative (CBI) |url=https://ustr.gov/issue-areas/trade-development/preference-programs/caribbean-basin-initiative-cbi |website=USTR |publisher=Office of the United States Trade Representative |accessdate=3 June 2018}}{{cite web |title=Caribbean Basin Economic Recovery Act: Impact on U.S. Industries and Consumers and on Beneficiary Countries |url=https://www.usitc.gov/publications/332/pub4428.pdf |website=USITC |publisher=United States International Trade Commission |accessdate=3 June 2018}}{{cite web |title=Caribbean Basin Economic Recovery Act (CBERA) |url=https://www.cbp.gov/trade/priority-issues/trade-agreements/special-trade-legislation/caribbean-basin-initiative/cbera |website=U.S. Customs and Border Protection |publisher=Department of Homeland Security |accessdate=3 June 2018}}