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Trade Facilitation for Ecuador: New Opportunities under Caribbean Basin Economic Recovery Act.

This bill aims to make Ecuador eligible for the Caribbean Basin Economic Recovery Act (CBERA) program. This designation allows goods from Ecuador to be imported into the US under preferential terms, often duty-free. While not directly changing US citizens' daily lives, it could lead to greater availability and potentially lower prices for certain imported goods, supporting economic stability in the region.
Key points
Ecuador is added to the list of countries eligible for preferential trade treatment under the CBERA program.
This change may increase the import of goods from Ecuador to the US, potentially lowering costs for American consumers.
The Act supports development and innovation in Ecuador by facilitating access to the US market.
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Expired
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Additional Information
Print number: 118_S_913
Sponsor: Sen. Risch, James E. [R-ID]
Process start date: 2023-03-22
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Summarized by: gemini-flash-latest
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Innovation and Development in Ecuador Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_913.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-03-22.

What are the main provisions?

Key points include:

  • Ecuador is added to the list of countries eligible for preferential trade treatment under the CBERA program.
  • This change may increase the import of goods from Ecuador to the US, potentially lowering costs for American consumers.
  • The Act supports development and innovation in Ecuador by facilitating access to the US market.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Risch, James E. [R-ID].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Economy