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Statements

Subject Item
dbr:Caribbean_Basin_Economic_Recovery_Act_of_1983
rdf:type
yago:Legislation106535222 yago:Law108441203 yago:Group100031264 yago:CivilLaw108453464 yago:Collection107951464 yago:Abstraction100002137
rdfs:label
Caribbean Basin Economic Recovery Act of 1983
rdfs:comment
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.
dcterms:subject
dbc:United_States_federal_agriculture_legislation dbc:98th_United_States_Congress dbc:Economy_of_the_Caribbean dbc:1983_in_law dbc:United_States_foreign_relations_legislation
dbo:wikiPageID
23589800
dbo:wikiPageRevisionID
977060921
dbo:wikiPageWikiLink
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dbp:titleAmended
26 19
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dbp:citePublicLaw
98
dbp:conferencedate
1983-07-27
dbp:effectiveDate
1983-08-05
dbp:introducedby
Andrew Jacobs, Jr.
dbp:introduceddate
1983-05-11
dbp:introducedin
House
dbp:passedbody
Senate House
dbp:passeddate
1983-07-28 1983-06-16 1983-05-17
dbp:passedvote
392 382 90 86
dbp:publicLawUrl
n23:STATUTE-97-Pg369.pdf
dbp:shorttitle
Caribbean Basin Economic Recovery Act of 1983
dbp:signeddate
1983-08-05
dbp:signedpresident
dbr:Ronald_Reagan
dbp:article
Report for Congress: Agriculture: A Glossary of Terms, Programs, and Laws, 2005 Edition
dbp:committees
dbr:United_States_House_Committee_on_Ways_and_Means
dbp:enactedBy
98
dbp:url
https://web.archive.org/web/20110810044532/http://ncseonline.org/nle/crsreports/05jun/97-905.pdf|author= Jasper Womach
dbo:abstract
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. AnguillaAntigua and BarbudaThe BahamasBarbadosBelizeCosta RicaDominicaDominican RepublicEl SalvadorGrenadaGuatemalaGuyanaHaitiHondurasJamaicaNicaraguaPanamaSaint LuciaSaint Vincent and the GrenadinesSurinameTrinidad and TobagoCayman IslandsMontserratNetherlands AntillesSaint Christopher-NevisTurks and Caicos IslandsBritish 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 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.
dbp:leghisturl
n5:@@@R
dbp: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.
dbp:othershorttitles
Enterprise Zone Act of 1983 Interest and Dividend Compliance Act of 1983 Caribbean Basin Economic Recovery Act International Trade and Investment Act
dbp:sectionsAmended
§ 1 et seq.
dbp:sectionsCreated
§§ 2701-2707
prov:wasDerivedFrom
wikipedia-en:Caribbean_Basin_Economic_Recovery_Act_of_1983?oldid=977060921&ns=0
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14867
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