Promotes economic ties with Pacific Islands through preferential trade agreements and capacity building.
The PROSPER in the Pacific Act aims to strengthen economic ties with Pacific Islands by negotiating free trade agreements. It mandates the President to develop a plan for these agreements, focusing on trade facilitation and capacity building for eligible countries. The Act authorizes preferential treatment for imports from eligible Pacific Islands countries, contingent on their adherence to internationally recognized worker rights and environmental laws. It also requires annual reporting to Congress on U.S. trade and investment policies for the Pacific Islands.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.