    [Public Papers of the Presidents of the United States: WILLIAM J. CLINTON (2000, Book I)]
    [May 11, 2000]
    [Page 904]
    [From the U.S. Government Publishing Office www.gpo.gov]

    Statement on Congressional Action on Africa and Caribbean Basin Trade
    Legislation
    May 11, 2000

        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.