Caribbean Basin Initiative

The Caribbean Basin Initiative (CBI) is a U.S. economic program designed to promote trade and investment in the Caribbean region. Established in the 1980s, it provides eligible countries with preferential access to U.S. markets, meaning they can export goods to the U.S. with lower or no tariffs. This initiative aims to strengthen the economies of Caribbean nations, encourage democratic governance, and support stability in the region. It helps diversify exports and foster economic growth, benefiting both the Caribbean countries and the U.S. through increased trade relations.