Page:United States Statutes at Large Volume 114 Part 1.djvu/312

 114 STAT. 276 PUBLIC LAW 106-200—MAY 18, 2000 international trade with the Caribbean Basin region as an enduring solution for successful economic growth and recovery. (5) Thirty-four democratically elected leaders agreed at the 1994 Summit of the Americas to conclude negotiation of a Free Trade Area of the Americas (in this title referred to as "FTAA") by the year 2005. (6) The economic security of the countries in the Caribbean Basin will be enhanced by the completion of the FTAA. (7) Offering temporary benefits to Caribbean Basin countries will preserve the United States commitment to Caribbean Basin beneficiary countries, promote the growth of free enterprise and economic opportunity in these neighboring countries, and thereby enhance the national security interests of the United States. (8) Given the greater propensity of countries located in the Western Hemisphere to use United States components and to purchase United States products compared to other countries, increased trade and economic activity between the United States and countries in the Western Hemisphere will create new jobs in the United States as a result of expanding export opportunities. (b) POLICY.—It is the policy of the United States— (1) to offer Caribbean Basin beneficiary countries willing to prepare to become a party to the FTAA or another free trade agreement, tariff treatment essentially equivalent to that accorded to products of NAFTA countries for certain products not currently eligible for duty-free treatment under the CBERA; and (2) to seek the participation of Caribbean Basin beneficiary countries in the FTAA or another free trade agreement at the earliest possible date, with the goal of achieving full participation in such agreement not later than 2005. 19 USC 2701 SEC. 203. DEFINITIONS. In this title: (1) NAFTA.— The term "NAFTA" means the North American Free Trade Agreement entered into between the United States, Mexico, and Canada on December 17, 1992. (2) NAFTA COUNTRY.— The term "NAFTA country" means any country with respect to which the NAFTA is in force. (3) WTO AND WTO MEMBER.— The terms "WTO" and "WTO member" have the meanings given those terms in section 2 of the Uruguay Round Agreements Act (19 U.S.C. 3501). Subtitle B—Trade Benefits for Caribbean Basin Countries SEC. 211. TEMPORARY PROVISIONS TO PROVIDE ADDITIONAL TRADE BENEFITS TO CERTAIN BENEFICIARY COUNTRIES. (a) TEMPORARY PROVISIONS.— Section 213(b) of the Caribbean Basin Economic Recovery Act (19 U.S.C. 2703(b)) is amended to read as follows: "(b) IMPORT-SENSITIVE ARTICLES.— "(1) IN GENERAL. —Subject to paragraphs (2) through (5), the duty-free treatment provided under this title does not apply to—

�