Enterprise for the Americas Initiative


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Enterprise for the Americas Initiative

A program of the U.S. government allowing countries in Latin America and the Caribbean to redirect a portion of the debt owed to the United States to a fund aimed at helping local children and the environment. In order to be eligible for the EAI, a government first must have moved toward opening itself for foreign direct investment. It was established by President George H.W. Bush in 1991.
References in periodicals archive ?
P/XXIII.O.2 (1993) [hereinafter Establishment of the SCT]; see also Enterprise for the Americas Initiative, AG/RES.
The Enterprise for the Americas Initiative, which favors freer trade and private investment stimuli in the region, provides an "expectations effect" that reinforces trends already underway by the late 1980s.
The catalyst for that partnership is the Enterprise for the Americas Initiative (EAI), designed to expand trade and investment ties between the U.S.
Supporters say this agreement will improve the lives of 200 million people living in the four countries and hasten the establishment of the Western Hemispherewide free trade zone so strongly urged by President Bush in his Enterprise for the Americas Initiative. Opponents of the plan worry that the open-border policy may aid drug traffickers.

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