What is the Caribbean Basin Initiative (CBI)?
Caribbean Basin Initiative (CBI) is a U.S. trade program providing for the duty-free entry into the United States of merchandise from designated beneficiary countries or territories in the Caribbean Basin. The purpose of the program is to increase economic and trade preferences for twenty-eight states of the Caribbean region. The 23 countries include Antigua and Barbuda, the Bahamas, Barbados, Belize, the British Virgin islands, Costa Rica, Dominica, the Dominican Republic, El Salvador, Grenada, Guatemala, Guyana, Honduras, Jamaica, Montserrat, the Netherlands Antilles, Nicaragua, Panama, St. Christopher-Nevis, St. Lucia, St. Vincent and the Grenadines, Trinidad and Tobago.
