Reviving the Wilting U.S. Policy in the Caribbean

Publication Date: November 1986

Publisher: Heritage Foundation (Washington, D.C.)

Author(s): Timothy Ashby

Research Area: Economics

Keywords: Latin American

Type: Report

Abstract:

When Congress reconvenes in January, it should review the CBI legislation. Greater access to U.S. markets for a broader range of Caribbean goods should be encouraged, as should preferential tax benefits for U.S. investors willing to open businesses in the region. The 12-year limit on the CBI program should be removed; the legislation was not meant as an economic "quick fix," but as a catalyst for long-term recovery and growth.