Caribbean Basin Initiative (CBI)
Caribbean Basin Initiative (CBI) : A policy which was implemented by the United States Government in 1983, that attempts to stimulate private-sector business in the Caribbean and Central America through tariff reductions and other incentives. The CBI has been viewed as a measure to improve the economic conditions of the U.S's allies in the region, and a means to ensuring their support for U. S. political policies. It can be seen as a free trade policy and not a restriction on trade
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