Imports to the U.S. through CBERA

Imports to the United States under CBERA preferences increased 21% from $1.8 billion in 2020 to $2.1 billion in 2021.

According to the World Trade Organization (WTO), this increase in U.S. imports is largely driven by increased imports of methanol under CBERA from Trinidad and Tobago ($472.2 million), as well as certain apparel products.

The Caribbean Basin Economic Recovery Act (CBERA) became effective January 1, 1984 and has no expiration date.

In general, the CBERA provides for duty-free entry of goods into the United States from designated beneficiary countries.

A total of 17 countries and territories were eligible for and received CBERA benefits in 2021.

These countries and territories were: Antigua and Barbuda, Aruba, Bahamas, Barbados, Belize, British Virgin Islands, Curaçao, Dominica, Grenada, Guyana, Haiti, Jamaica, Montserrat, St. Kitts and Nevis, St. Lucia, St. Vincent and the Grenadines, and Trinidad and Tobago.

Also, the value of U.S. textile and apparel imports under the CBERA was $915 million in 2021, up from $671 million in 2020.

Notably, Trinidad and Tobago recorded a total of $472.2 million in methanol imports during 2021 under CBERA, compared to $248.6 million in 2020, a 90 percent increase.

Imports to the United States

In 2019, U.S. imports of methanol under CBERA preferences totaled $356.5 million.

The majority of U.S. imports of methanol from Trinidad and Tobago in 2019 continued to receive tariff preferences under CBERA provisions, consistent with past utilization.

Of the $2.1 billion in imports under CBERA in 2021, energy-related products accounted for 1 percent; textiles and apparel (almost all apparel), 40 percent; agricultural products and processed foods, 4 percent; and plastics, 4 percent.

The main beneficiary countries of imports entering under CBERA preferences in 2021 were Haiti, Trinidad and Tobago, and Guyana.

In addition, the United States imported $1 billion under CBERA preferences from Haiti in 2021.

U.S. imports under CBERA preferences from Haiti increased from $768 million in 2020 to $1 billion in 2021, or an increase of 34.5%.

Trinidad and Tobago was the second largest supplier of U.S. imports under CBERA in 2021.

U.S. imports from Trinidad and Tobago under CBERA totaled $754 million in 2021, up from $579 million in 2020, or a 30 percent increase.

In 2021, U.S. imports from Guyana under the CBERA declined to $188 million, down from $265 million in 2020, largely due to lower oil exports ($185 million).


Redacción Opportimes