Changing trade trends confronting the Caribbean.
BERNAL, Richard
Changing trade trends confronting the Caribbean. - 1996
Explains the current US/Caribbean Basin framework. Examines the following fundamental and conflicting trade trends confronting the Caribbean, viz; (1) an erosion of historic market access with the US because of preferential trading regime that has been granted Mexico under NAFTA; (2) the NAFTA has signalled a new area of hemispheric cooperation, which will hopefully culminate in the creation of a Free Trade Area of the Americas by the year 2005; (3) the US and the Caribbean Basin countries - along with countries in Central and South America - are embroiled in a dispute over access to the European banana market; and (4) Congress is now working on a proposal to repeal the Section 936 tax credit program, which has acted as one of the largest sources of low cost funds for Caribbean economic development.
Changing trade trends confronting the Caribbean. - 1996
Explains the current US/Caribbean Basin framework. Examines the following fundamental and conflicting trade trends confronting the Caribbean, viz; (1) an erosion of historic market access with the US because of preferential trading regime that has been granted Mexico under NAFTA; (2) the NAFTA has signalled a new area of hemispheric cooperation, which will hopefully culminate in the creation of a Free Trade Area of the Americas by the year 2005; (3) the US and the Caribbean Basin countries - along with countries in Central and South America - are embroiled in a dispute over access to the European banana market; and (4) Congress is now working on a proposal to repeal the Section 936 tax credit program, which has acted as one of the largest sources of low cost funds for Caribbean economic development.