[1] This latter act, which also included the Africa Growth and Opportunity Act of 2000 (AGOA), was intended to advance U.S. economic and security interests by strengthening American relationships with other regions of the world then viewed to be making significant strides in terms of economic development and political reform.

In addition, the U.S.'s signing of the NAFTA with Mexico in 1994 had caused Caribbean basin countries to lose the preferential treatment they had previously enjoyed.

In particular, the CBTPA extended preferential tariff treatment to textile and apparel products assembled from U.S. fabric that were previously excluded from the program.

American policy makers hoped that this would encourage additional U.S. exports of cotton and yarn and U.S. investment in the region, thereby improving the global competitive position of the U.S. textile industry.

The CBTPA was also intended to encourage the diversification of CBI countries’ economies, viewed by American policymakers as a key step towards economic development that would decrease the region's dependence on aid and reduce illegal immigration into the United States as well as the trafficking of illegal drugs.