Caribbean Basin Economic Recovery Act of 1983

Caribbean Basin Economic Recovery Act of 1983
Citations

Other short titles	Caribbean Basin Economic Recovery Act Enterprise Zone Act of 1983 Interest and Dividend Compliance Act of 1983 International Trade and Investment Act
Long title	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.
Enacted by	the 98th United States Congress
Effective	August 5, 1983
Public law	98-67
Statutes at Large	97 Stat. 369
Codification
Titles amended	19 U.S.C.: Customs Duties 26 U.S.C.: Internal Revenue Code
U.S.C. sections created	19 U.S.C. ch. 15 §§ 2701-2707
U.S.C. sections amended	I.R.C. ch. 1 § 1 et seq.
Legislative history
Introduced in the House as H.R. 2973 by Andrew Jacobs, Jr. (D-IN) on May 11, 1983 Committee consideration by House Ways and Means Passed the House on May 17, 1983 (382-41) Passed the Senate on June 16, 1983 (86-4) Reported by the joint conference committee on July 27, 1983; agreed to by the House on July 28, 1983 (392-18) and by the Senate on July 28, 1983 (90-7) Signed into law by President Ronald Reagan on August 5, 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. 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.

References

This article incorporates public domain material from the Congressional Research Service document "Report for Congress: Agriculture: A Glossary of Terms, Programs, and Laws, 2005 Edition" by Jasper Womach.

External links

Peters, Gerhard; Woolley, John T. "Ronald Reagan: "Remarks at a White House Ceremony Marking the Implementation of the Caribbean Basin Initiative," October 5, 1983". The American Presidency Project. University of California - Santa Barbara.
Peters, Gerhard; Woolley, John T. "Ronald Reagan: "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". The American Presidency Project. University of California - Santa Barbara.
Peters, Gerhard; Woolley, John T. "Ronald Reagan: "Proclamation 5133 - Implementation of the Caribbean Basin Economic Recovery Act," November 30, 1983". The American Presidency Project. University of California - Santa Barbara.
Peters, Gerhard; Woolley, John T. "Ronald Reagan: "Letter to the Speaker of the House and the President of the Senate on the Designation of Certain Countries as Caribbean Basin Economic Recovery Act Beneficiaries," December 29, 1983". The American Presidency Project. University of California - Santa Barbara.
Peters, Gerhard; Woolley, John T. "Ronald Reagan: "Proclamation 5142 - To Amend Implementing the Caribbean Basin Economic Recovery Act," December 29, 1983". The American Presidency Project. University of California - Santa Barbara.

United States federal agriculture legislation

Farm Bills	Federal Farm Loan Act (1916) Agricultural Adjustment Act (1933) Agricultural Adjustment Act Amendment of 1935 Soil Conservation and Domestic Allotment Act of 1936 Agricultural Adjustment Act of 1938 Agricultural Act of 1948 Agricultural Act of 1949 Agricultural Act of 1954 Agricultural Act of 1956 Agricultural Act of 1961 Food and Agriculture Act of 1965 Agricultural Act of 1970 Agriculture and Consumer Protection Act of 1973 Food and Agriculture Act of 1977 Agriculture and Food Act of 1981 Food Security Act of 1985 Food, Agriculture, Conservation, and Trade Act of 1990 Federal Agriculture Improvement and Reform Act of 1996 Farm Security and Rural Investment Act of 2002 Food, Conservation, and Energy Act of 2008 Agricultural Act of 2014

Additional Legislation	Hatch Act of 1887 Agriculture Appropriation Act of 1905 Agricultural Appropriations Act of 1922 Cotton Futures Act (1914) Cotton Futures Act (1916) Grain Standards Act (1916) Wheat Price Guarantee Act (1919) Future Trading Act (1921) Grain Futures Act (1922) Capper–Volstead Act (1922) Agricultural Marketing Act (1929) Farm Credit Act of 1933 Frazier–Lemke Farm Bankruptcy Act (1934) Bankhead–Jones Act of 1935 Commodity Exchange Act (1936) Bankhead-Jones Farm Tenant Act (1937) Agricultural Marketing Agreement Act of 1937 Agricultural Trade Development and Assistance Act of 1954 National Wool Act of 1954 Agricultural Fair Practices Act of 1967 Farm Credit Act of 1971 Consolidated Farm and Rural Development Act of 1972 Commodity Futures Trading Commission Act of 1974 Agricultural Trade Act of 1978 Agricultural Adjustment Act of 1980 National Aquaculture Act of 1980 Caribbean Basin Economic Recovery Act of 1983 Extra-Long Staple Cotton Act of 1983 Agricultural Credit Act of 1987 Hunger Prevention Act of 1988 Alien Species Prevention and Enforcement Act of 1992 National Wool Act Amendments of 1993 Federal Crop Insurance Reform and Department of Agriculture Reorganization Act of 1994 Agricultural Research, Extension, and Education Reform Act of 1998 Agriculture Risk Protection Act of 2000

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