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The "Caribbean Basin Economic Recovery Expansion Act" of 1990, known as "CBI II", made the CBI permanent. However, once the U.S. entered into the NAFTA agreement in 1994 with Mexico it became easier for Mexico to export its products to the U.S. CBI countries had lost their advantage relative Mexico, a major competitor in industries such as textiles and apparel, so they sought to increase their own preferences and achieve "NAFTA parity". Those efforts were not successful until the 2000 Caribbean Basin Trade Partnership Act , which was broadened in 2002. Several exports from the region continue to receive preferential status in the U.S., however those preferences will likely be replaced by Bilateral Free Trade Agreement s, and possibly by the proposed Free Trade Area Of The Americas . FURTHER INFORMATION
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