Explain Caribbean Basin Initiative (CBI)

Caribbean Basin Initiative (CBI) beneficiary countries


The trade programs known collectively as the Caribbean Basin Initiative (CBI) remain a vital element in the United States’ economic relations with its neighbour’s in Central America and the Caribbean. The CBI is intended to facilitate the economic development and export diversification of the Caribbean Basin economies. The Caribbean Basin Economic Recovery Act of 1983 (CBERA), provides duty free entry of textile goods and certain non-textile goods into the United States from designated beneficiary countries. Which is later expanded Caribbean Basin Trade Partnership Act of 2000 (CBTPA), also provides duty free entry of textile and certain non-textile goods into the United States, collectively known as Caribbean Basin Initiative (CBI).

Caribbean Basin Initiative (CBI) aims to expand foreign and domestic investment in non-traditional sectors, thus expanding their exports. It also provides customs duty-free entry to the United States on a permanent basis for a broad range of products from CBI beneficiary countries. Central America and the Caribbean will continue to export under the CBI until September 30th, 2020.

There are twenty-four beneficiary countries under the CBI. The countries are as follows,

1. Antigua and Barbuda

2. Aruba

3. Bahamas

4. Barbados

5. Belize

6.  British Virgin Islands

7. Costa Rica

8. Curacao

9. Dominica

10. Dominican Republic

11. El Salvador

12. Grenada

13. Guatemala

14. Guyana

15. Haiti

16. Honduras

17. Jamaica

18. Montserrat

19. Netherlands Antilles

20. Panama

21. St. Kitts and Nevis

22. St. Lucia

23. St. Vincent and the Grenadines

24. Trinidad and Tobago




Learn Exports Imports Free, Click here

Click here to know GST rate of your goods or service

What happens, if Bank not received money from buyer after discounting of export bills?

 How to make DA mode of payment safe

How to make delay in delivery of Shipment?

 How to minimize import cargo clearance time? An open logic proposal to WTO

What happens, if cargo not cleared by importer

What happens, if HAWB number marks wrongly

 What happens, once Bill of Entry for Imports files?

 What is ‘Combined Bill of Lading’

How to obtain a duplicate BL, if original bill of lading lost.

How to obtain GSP - Certificate of Origin?

How to obtain Phyto sanitary certificate. What is phytosanitary certification

How to import to India from Norway?

How to export from India to Norway?

How to import to India from Lithuania?

How to export from India to Lithuania?

How to export from Liechtenstein?

How to Import to Liechtenstein?

Customs procedures for Norway Export

GST on short supplied goods and services by nature

Impact of GST on imports in India

Applicable import duty after GST implantation

How to calculate IGST under imports?

Changes in IEC after GST

Linking IEC with GSTIN in customs

Import under EPCG after GST

GST on imports by EOUs and SEZs

Changes of operation of SEZ

Does CVD exists under project imports?

Baggage clearance after GST implementation

Refund of SAD paid on imports

Meaning of Interstate dealer and seller

Inter State B2C Supply Means

Meaning of term Inter-State Goods and Service Tax (IGST) under GST

Inter and Intra State Level tax under GST

What is Integrated Tax under GST

Meaning of term Inspection and Search under GST

Seized Goods under GST


Discussion Forum

You can also share your thoughts about this article.
Any one can answer on question posted by Readers