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Caribbean Basin Initiative
The Caribbean Basin Initiative (CBI), a trade initiative initiated by the 1983 Caribbean Basin Economic Recovery Act (CBERA), is a United States program. The CBI came into effect on January 1, 1984, and aimed to provide several tariff and trade benefits to many Central American and Caribbean countries. Provisions in the CBERA prevented the United States from extending preferences to CBI countries that it judged to be contrary to its interests or that had expropriated American property. The Caribbean Basin Economic Recovery Expansion Act of 1990, known as "CBI II", made the CBI permanent. However, once the United States entered into the North American Free Trade Agreement (NAFTA) in 1994 with Mexico it became easier for Mexico to export its products to the United States. CBI countries had lost their advantage relative to Mexico, a major competitor in industries such as textiles and apparel, so they sought to increase their own preferences and achieve "NAFTA parity". Those efforts wer ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Caribbean Basin Economic Recovery Act Of 1983
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. :Anguilla : Antigua and Barbuda :The Bahamas :Barbados :Belize : Costa Rica : Dominica :Dominican Republic : El Salvador : Grenada : Guatemala : Guyana : Haiti : Honduras :Jamaica :Nicaragua :Panama : Saint Lucia :Saint Vincent and the Grenadines : Suriname :Trinidad and Tobago : Cayman Islands : Montserrat : Netherlands Antilles : Saint Christopher-Nevis :Turks and Caicos Islands :British Virgin 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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Latin American Debt Crisis
The Latin American debt crisis ( es, Crisis de la deuda latinoamericana; pt, Crise da dívida latino-americana) was a financial crisis that originated in the early 1980s (and for some countries starting in the 1970s), often known as ''La Década Perdida'' (The Lost Decade), when Latin American countries reached a point where their foreign debt exceeded their earning power, and they were not able to repay it. Origins In the 1960s and 1970s, many Latin American countries, notably Brazil, Argentina, and Mexico, borrowed huge sums of money from international creditors for industrialization, especially infrastructure programs. These countries had soaring economies at the time, so the creditors were happy to provide loans. Initially, developing countries typically garnered loans through public routes like the World Bank. After 1973, private banks had an influx of funds from oil-rich countries which believed that sovereign debt was a safe investment. Mexico borrowed against future ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Central America
The economy of Central America is the eleventh-largest economy in Latin America, behind Brazil, Mexico, Argentina and Colombia. According to the World Bank, the nominal GDP of Central America reached 204 billion US dollar in 2010, as recovery from the crisis of 2009, where gross domestic product (GDP) suffered a decline to 3.8%. The major economic sectors are agriculture and tourism, although the industrial sector has shown strong growth, mainly in Panama. The United States is the main socio-commercial of all Central American countries. Other important socio-commercial countries in Central America are the European Union, Japan, Dominican Republic and Mexico. Currently, the Central American bloc is based on a bilateral free trade agreement ( FTA) with the United States known as CAFTA-DR, and another in negotiations with Peru. The Panama Canal is the connection of Central America with the rest of the world, and the main means of communication for trade with Central America, Sout ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of The Caribbean
The 'Economy of the Caribbean' is varied, but depends heavily on natural resources, agriculture and travel and tourism. Main trading partners Natural resources By international standards, minerals most valuable on the international market are found in Cuba, Jamaica, and Trinidad and Tobago. Several nations of the Caribbean are rich in natural resources; including Trinidad's vast natural gas and oil reserves, Jamaican bauxite and most recently the discovery of a largoil fieldin Guyana. The resources that make significant contributions to domestic economies and regional job sectors include fisheries, agriculture, forestry, mining and oil and gas bauxite, iron, nickel, petroleum and timber, among others. It has been noted by some that the Caribbean's most important resource is its tropical island setting, which has generated an important tourism sector. The attention by regional governments towards economic diversification in the early 1990s is often associated with increased produ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States–Caribbean Relations
United may refer to: Places * United, Pennsylvania, an unincorporated community * United, West Virginia, an unincorporated community Arts and entertainment Films * United (2003 film), ''United'' (2003 film), a Norwegian film * United (2011 film), ''United'' (2011 film), a BBC Two film Literature * United! (novel), ''United!'' (novel), a 1973 children's novel by Michael Hardcastle Music * United (band), Japanese thrash metal band formed in 1981 Albums * United (Commodores album), ''United'' (Commodores album), 1986 * United (Dream Evil album), ''United'' (Dream Evil album), 2006 * United (Marvin Gaye and Tammi Terrell album), ''United'' (Marvin Gaye and Tammi Terrell album), 1967 * United (Marian Gold album), ''United'' (Marian Gold album), 1996 * United (Phoenix album), ''United'' (Phoenix album), 2000 * United (Woody Shaw album), ''United'' (Woody Shaw album), 1981 Songs * United (Judas Priest song), "United" (Judas Priest song), 1980 * United (Prince Ital Joe and Marky Mark ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Foreign Relations Legislation
United may refer to: Places * United, Pennsylvania, an unincorporated community * United, West Virginia, an unincorporated community Arts and entertainment Films * ''United'' (2003 film), a Norwegian film * ''United'' (2011 film), a BBC Two film Literature * ''United!'' (novel), a 1973 children's novel by Michael Hardcastle Music * United (band), Japanese thrash metal band formed in 1981 Albums * ''United'' (Commodores album), 1986 * ''United'' (Dream Evil album), 2006 * ''United'' (Marvin Gaye and Tammi Terrell album), 1967 * ''United'' (Marian Gold album), 1996 * ''United'' (Phoenix album), 2000 * ''United'' (Woody Shaw album), 1981 Songs * "United" (Judas Priest song), 1980 * "United" (Prince Ital Joe and Marky Mark song), 1994 * "United" (Robbie Williams song), 2000 * "United", a song by Danish duo Nik & Jay featuring Lisa Rowe Television * ''United'' (TV series), a 1990 BBC Two documentary series * ''United!'', a soap opera that aired on BBC One from 1965-19 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rice Production In Haiti
Rice production was an integral part of the Haitian economy, as it has been farmed in Haiti for over two hundred years. The origin of this rice has been traced back to West African agriculture. Rice is a staple food for most Haitians but it has become a commodity in the sense that Haiti is no longer self-sufficient in producing rice for the country. Haiti maintained dependency on their own agriculture of rice until the 1980s. In the mid-1980s Haiti was no longer producing substantial amounts of rice and by the 1990s Haiti held a greater reliance on imports rather than domestic rice production. The decline in rice production caused by policies under the Caribbean Basin Initiative had devastating consequences for Haiti's rural population. Many Haitian farmers, traders, and millers faced unemployment and relocation. Because farming was their livelihood, many could not find adequate work with their skill set. The Adoption of trade liberalization policies and environmental degradation ar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Latin American Economy
Latin America as a region has multiple nation-states, with varying levels of economic complexity. The Latin American economy is an export-based economy consisting of individual countries in the geographical regions of North America, Central America, South America, and the Caribbean. The socioeconomic patterns of what is now called Latin America were set in the colonial era when the region was controlled by the Spanish empire, Spanish and Portuguese empire, Portuguese empires. Up until independence in the early nineteenth century, colonial Latin American regional economies thrived and worked things out. Many parts of the region had favorable factor endowments of deposits of precious metals, mainly silver, or tropical climatic conditions and locations near coasts that allowed for the development of cane sugar plantations. In the nineteenth century following independence, many economies of Latin America declined. In the late nineteenth century, much of Latin America was integrated into ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Caribbean Basin Trade And Partnership Act
The Caribbean Basin Trade Partnership Act (CBTPA) is a law adopted by the U.S. Government in October 2000 to delineate enhanced trade preferences and eligibility requirements for the 24 beneficiary countries of the Caribbean Basin region. On October 2, President Clinton signed the Proclamation implementing the Caribbean Basin Trade Partnership Act (CBTPA – Title II of the Trade and Development Act of 2000). The Presidential Proclamation declares the 24 current beneficiary countries of the Caribbean Basin Initiative (CBI) to be "Beneficiary Countries" for purposes of the enhanced trade preferences made available under the CBTPA. In addition, the Proclamation modifies the Harmonized Tariff Schedule to reflect the new trade preferences. It also delegates to the Office of the United States Trade Representative the authority to publish (through a Federal Register notice) additional determinations regarding the compliance of CBTPA Beneficiary Countries with customs-related pr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central America
Central America ( es, América Central or ) is a subregion of the Americas. Its boundaries are defined as bordering the United States to the north, Colombia to the south, the Caribbean Sea to the east, and the Pacific Ocean to the west. Central America consists of eight countries: Belize, Costa Rica, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, and Panama. Within Central America is the Mesoamerican biodiversity hotspot, which extends from northern Guatemala to central Panama. Due to the presence of several active geologic faults and the Central America Volcanic Arc, there is a high amount of seismic activity in the region, such as volcanic eruptions and earthquakes which has resulted in death, injury, and property damage. In the pre-Columbian era, Central America was inhabited by the indigenous peoples of Mesoamerica to the north and west and the Isthmo-Colombian peoples to the south and east. Following the Spanish expedition of Christopher Columbus' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American Rice
Rice production is the third largest among cereals in the United States, after corn and wheat. Of the country's row crop farms, rice farms are the most capital-intensive, and have the highest national land rental rate average. In the US, all rice acreage requires irrigation. In 2000-09 approximately 3.1 million acres in the US were under rice production; an increase was expected over the next decade to approximately 3.3 million acres. USA Rice represents rice producers in the six largest rice-producing states of Arkansas, California, Louisiana, Mississippi, Missouri, and Texas. Historically, rice production in the United States was connected to agriculture using enslaved labor in the American South, first planting African rice and other kinds of rice in the marsh areas in Georgia, South Carolina, and later in the Louisiana territory and Texas frequently in Plantation complexes in the Southern United States, southern plantations. For some regions, this became an important profitab ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Free Trade Area Of The Americas
The Free Trade Area of the Americas (FTAA) was a proposed agreement to eliminate or reduce the trade barriers among all countries in the Americas, excluding Cuba. Negotiations to establish the FTAA ended in failure, however, with all parties unable to reach an agreement by the 2005 deadline they had set for themselves. Still, contemporary discourses have not been invalidated – re-newed talks are anticipated . History In the last round of negotiations, trade ministers from 34 countries met in Miami, Florida, in the United States, in November 2003 to discuss the proposal. The proposed agreement was an extension of the North American Free Trade Agreement (NAFTA) between Canada, Mexico, and the United States. Discussions have faltered over similar points as the Doha Development Round of World Trade Organization (WTO) talks; developed nations sought expanded trade in services and increased intellectual property rights, while less developed nations sought an end to agricultural subsi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
