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1 1 (November 5, 1999)

handle is hein.crs/crsahcp0001 and id is 1 raw text is: Order Code RS20174 Updated November 5, 1999 CBI/NAFTA Parity Proposals: A Comparison Vladimir N. Pregelj Specialist in International Trade and Finance Foreign Affairs, Defense, and Trade Division Summary Background With the entry into force, on January 1, 1994, of the preferential tariff and quota provisions of the North American Free Trade Agreement (NAFTA), the earlier trade advantage of the beneficiaries of the Caribbean Basin Economic Recovery Act (CBERA) over Mexico (until then a beneficiary of the generalized system of preferences) was eliminated. The further gradual implementation of the NAFTA-to be fully completed by January 1, 2008-has placed those countries in an increasingly disadvantageous competitive position compared to Mexico. As in three previous Congresses, proposals have been made in the 106' Congress which would mitigate, if not eliminate, the adverse effect of the competitive advantage that Mexico has gained and will continue to gain relative to CBERA countries. These proposals would, during a limited transition period, accord to certain imports from CBERA countries that are by law ineligible for the CBERA preference, tariff and quota treatment identical with or very similar to (in parity with) that accorded to similar Congressional Research Service + The Library of Congress CRS Report for Congress Received through the CRS Web 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.

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