Beneficiary Country Designation
The CBTPA authorized the President to designate individual countries as being "Beneficiary Countries" in order to receive the enhanced trade benefits available under the Act. The twenty-four current beneficiaries of the Caribbean Basin Economic Recovery Act (CBERA) were potentially eligible to be declared CBTPA Beneficiary Countries. These countries are: Antigua and Barbuda, Aruba, Bahamas, Barbados, Belize, Costa Rica, Dominica, Dominican Republic, El Salvador, Grenada, Guatemala, Guyana, Haiti, Honduras, Jamaica, Montserrat, Netherlands Antilles, Nicaragua, Panama, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Trinidad and Tobago, and British Virgin Islands. Through the Proclamation issued today, President Clinton designated all 24 countries as CBTPA Beneficiary Countries.
Read more about this topic: Caribbean Basin Trade And Partnership Act
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