Expansion of the initiative of the Caribbean basin

Abstract

Thank you, very good afternoon, I would like to thank to Universidad Tecnológica de El Salavdor, for having invited me to this seminar and for having the opportunity to share with you some important aspects, especially what is the implementation of the Caribbean Basin Initiative, now that The entire political process of approval in the US government has ended and we also thank the ASI, its president and its Board of Directors for giving us the opportunity to share with the private sector some thoughts, some ideas about the Basin Initiative. Caribbean and you for the interest in this subject.
Perhaps we should start by saying that the Caribbean Basin Initiative is a scheme of trade preferences, which is a commercial political animal that is very different from an FTA, such as the one we have just heard at this moment.
Unlike what my good friend Rigoberto Monge pointed out. The Caribbean Basin Initiative is temporary, discretionary and unilateral, that differentiates it from everything that can be a free trade agreement where there are reciprocal concessions, where there is certainty, where there is permanence where there is predictability.
The Caribbean Basin initiative then, politically and at the corporate level, is a rather peculiar animal, quite different from what a free trade agreement is.