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Strengthening US Economic Ties with Latin America and the Caribbean

This resolution aims to shift the production of key goods from China to Latin American and Caribbean countries. This is intended to enhance supply chain security for US citizens, reduce transportation costs, and foster economic development in the region, potentially easing migration pressures to the United States.
Key points
Increased Supply Security: Less reliance on China for critical products like medicines and minerals.
Lower Costs and Faster Deliveries: Moving production closer to the US could mean cheaper and more readily available goods.
Support for Regional Economies: Investments in Latin America and the Caribbean can create new jobs and stabilize the region.
Combating Corruption and Improving Standards: Supporting better labor and environmental conditions in partner countries.
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Additional Information
Print number: 117_SRES_661
Sponsor: Sen. Menendez, Robert [D-NJ]
Process start date: 2022-06-07