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US considers giving TCI CBERA status
Published on October 22, 2012 Email To Friend    Print Version

The Turks and Caicos Islands is one of several Caribbean countries that could benefit as the United States considers whether to designate them eligible to receive benefits under the Caribbean Basin Economic Recovery Act (CBERA).

The Office of the US Trade Representative (USTR) in Washington, DC, said it is requesting comments no later than November 9 on the possible extension of trade preferences under CBERA, as amended by the Caribbean Basin Trade Partnership Act (CBTPA) to countries not currently receiving them.

The CBTPA is currently authorised through September 30, 2020, and the USTR said that it is considering whether to designate Curacao, St Maarten, and the Turks and Caicos Islands as eligible to receive benefits under CBERA/CBTPA.

USTR said that Congress had identified the Turks and Caicos as potentially eligible for benefits in 1983 but the country did not request beneficiary status until July 2012.
 
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