Statement on Congressional Action on Africa and Caribbean Basin Trade Legislation

I am pleased that Congress has completed action on historic legislation that will boost investment, growth, and opportunity in Africa and the Caribbean Basin, while improving the global competitive position of our own industries. This step reaffirms America's commitment to open trade and strengthens the partnership between the United States and our friends in Africa and the Caribbean Basin. It will encourage these nations to continue building open economies, bolster their efforts to alleviate poverty, and improve long-term prospects for democracy and stability around the world. I look forward to signing this measure into law and congratulate Members of Congress from both parties who have worked so hard to enact the "African Growth and Opportunity Act" and the Caribbean Basin trade enhancement legislation.