Bipartisan Bills Introduced to Renew Caribbean Basin Textile Trade Preferences
Four senators and seven House members have introduced a bill in each chamber that would reauthorize the Caribbean Basin Trade Partnership Act, a trade preferences program currently scheduled to expire in September 2020. Sen. Marco Rubio, R-Fla., Sen. Johnny Isakson,…
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R-Ga., Sen. Ben Cardin, D-Md., and Sen. Doug Jones, D-Ala., co-sponsored the bill in the Senate. Rep. Terri Sewell, D-Ala., and Rep. Brad Wenstrup, R-Ohio, are leading the House bill. The program gives duty-free access to certain textile goods from 23 Caribbean countries if the textiles are made with U.S. yarns, fabrics and threads. The reauthorization would take the program through 2030. “I’m proud to co-sponsor this bill, which will reaffirm our nation’s commitment to developing deeper commercial and economic ties with Haiti and our other allies in the Caribbean, ” Rubio said in a Sept. 12 press release.