Search Results for keywords:"Caribbean Basin Economic Recovery Act"

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Search Results: keywords:"Caribbean Basin Economic Recovery Act"

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  • 2024-30072 — Limitation of Duty-Free Imports of Apparel Articles Assembled in Haiti Under the Caribbean Basin Economic Recovery Act (CBERA), as Amended by the Haitian Hemispheric Opportunity Through Partnership Encouragement Act (HOPE)
    Type:Notice
    Citation:89 FR 103777
    Reading Time:about 3 minutes

    The Department of Commerce's International Trade Administration announced new limits on duty-free apparel imports from Haiti under an updated rule in the Caribbean Basin Economic Recovery Act (CBERA). These limits apply from December 20, 2024, to December 19, 2025, allowing up to 322,927,229 square meters of apparel to enter the U.S. without duties, as long as the apparel meets a 60% value-added requirement from Haiti or certain other countries. This limitation is based on 1.25% of total U.S. apparel imports in the latest available 12-month period. Any imports beyond this limit will incur standard tariffs.

    Simple Explanation

    Imagine a rule that says how much special clothing from Haiti can come to the U.S. without extra costs. For one year, they figured out how much is allowed, kind of like setting a limit on how many cookies you can have. If more than that comes in, they have to pay extra.

  • 2025-00677 — Caribbean Basin Economic Recovery Act: Impact on U.S. Industries and Consumers and on Beneficiary Countries
    Type:Notice
    Citation:90 FR 3921
    Reading Time:about 8 minutes

    The United States International Trade Commission is preparing its 2025 report on the Caribbean Basin Economic Recovery Act, covering trade in 2023 and 2024. A public hearing for this report is scheduled for February 20, 2025, and will be held at the Commission's building in Washington, DC, with a remote access option via WebEx. Important deadlines include February 5 for requesting to appear at the hearing, and March 13 for submitting all other relevant written documents. These reports assess the impact of the Act on U.S. industries, consumers, and the economies of beneficiary countries.

    Simple Explanation

    The U.S. International Trade Commission is making a report about how a special trade law affects countries in the Caribbean and the U.S., and they are inviting people to come to a meeting about it on February 20, 2025. People can share their thoughts before March 13, but they need to follow some specific rules to keep certain business info safe.