Caribbean Basin Economic Recovery Act's Limited Impact

Posted 9/14/23

The impact of the Caribbean Basin Economic Recovery Act on the US economy is small, but the effect on beneficiary countries is positive, the International Trade Commission reported Sept. 8. This is the ITC’s 26th biennial report monitoring US imports under CBERA. The CBERA program, operative since January 1, 1984, affords preferential tariff treatment to most products of the 17 designated Caribbean beneficiaries that received CBERA benefits during the period covered in the report.

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