On September 30, 2020, the United States Senate voted unanimously to renew the Caribbean Basin Trade Partnership Act (CBTPA) until September 30, 2030.
H.R. 991 had passed the House on September 23rd. The legislation will come into force upon signing by the US President.
The CBTPA is a preferential trade agreement that provides for duty and quota-free access for products manufactured in designated beneficiary Caribbean Basin region countries. Eligible CBTPA countries include St Lucia, Barbados, Belize, Curacao, Guyana, Haiti, Jamaica, and T&T. (MinforGY)
Extract from CARICOM BUSINESS Newsletter Vol. 3 No. 40
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