CBI/NAFTA Parity Proposals: A Comparison

The tariff and quota treatment of U.S. imports from Mexico under the North American Free Trade Agreement has resulted in a distinct and increasing competitive disadvantage for imports from the beneficiary countries of the Caribbean Basin Economic Recovery Act (CBERA). To eliminate this disadvantage, proposals have been made to extend to imports from Caribbean Basin countries preferential treatment equivalent to that accorded imports of identical goods from Mexico. This report compares the provisions of four such proposals: Title I of H.R. 984 , Title I of S. 371 , H.R. 1834 , and S. 1389 (including a measure identical to S. 1389 , included as Title II in a substitute amendment proposed in the Senate to H.R. 434 and passed subject to a restrictive amendment). All four would accord, during a limited transition period, to imports of certain products (primarily textiles and textile apparel) from CBERA countries unilateral preferential treatment equivalent to that accorded to comparable imports from Mexico under the NAFTA. This report will be updated as events warrant.