•HRES 1480 IH 
(B) nearshoring in Latin America and the 
Caribbean, relative to relying on supply chains 
in other geographic regions, has the greatest 
potential to contribute to the economic pros-
perity and security of the United States while 
also advancing the post-pandemic economic re-
covery of countries in the Western Hemisphere; 
(C) nearshoring in Latin America and the 
Caribbean provides greater opportunities for ex-
panding co-production operations and other co-
operative business ventures with United States 
entities; and 
(D) nearshoring in Latin America and the 
Caribbean can complement and enhance efforts 
by the United States to support democratic con-
solidation across the region by strengthening 
the rule of law, encouraging competitiveness, 
and raising standards on corruption, labor, and 
environmental issues; 
(4) supports initiatives by the Inter-American 
Development Bank, governments in Latin America 
and the Caribbean, and the private sector to finance, 
incentivize, or otherwise promote nearshoring in 
Latin America and the Caribbean; 
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•HRES 1480 IH 
(5) encourages the United States Agency for 
International Development and the United States 
International Development Finance Corporation to 
strengthen programmatic support for initiatives like-
ly to facilitate the relocation of global supply chains 
to the Western Hemisphere, including through in-
creased collaboration with each other, the private 
sector, the Inter-American Development Bank, and 
countries in Latin America and the Caribbean; 
(6) calls for governments in Latin America and 
the 
Caribbean 
to 
increase 
opportunities 
for 
nearshoring in the region by— 
(A) modernizing and consolidating physical 
and digital infrastructure; 
(B) combating corruption, strengthening 
the rule of law, enhancing labor and environ-
mental standards, and improving democratic 
governance; and 
(C) pursuing other efforts to facilitate the 
ease of doing business in and attract foreign di-
rect investment to the region, including by 
leveraging strong relationships with Taiwan; 
and 
(7) urges the Secretary of State, in coordina-
tion with the United States Agency for International 
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•HRES 1480 IH 
Development, the United States International Devel-
opment Finance Corporation, and the heads of all 
other relevant Federal agencies and departments, to 
take a leading role in advancing nearshoring in 
Latin America and the Caribbean, including by— 
(A) strengthening support for the activities 
described in paragraph (6); 
(B) engaging with governments in the 
Western Hemisphere to explore opportunities to 
lower trade barriers, streamline customs and 
other regulations, support capacity building 
programs to strengthen environmental and 
labor standards, establish incentives for mutu-
ally beneficial co-production arrangements, and 
facilitate economic integration of the region; 
(C) strengthening legal regimes and moni-
toring and enforcement measures relating to 
labor standards to ensure that— 
(i) any enhanced sourcing relationship 
with a country does not support or beget 
labor abuse or other human rights abuses, 
such as those found in the People’s Repub-
lic of China; and 
(ii) any new investment under a 
nearshoring program has sufficient labor 
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•HRES 1480 IH 
standards and benefits the workers in such 
country; 
(D) ensuring that nearshoring activities 
are consistent with efforts to improve supply 
chain energy efficiency, reduce the energy used 
to transport goods, and advance environmental 
sustainability; and 
(E) working in partnership with multilat-
eral development banks and private investors to 
create incentives for entities to relocate supply 
chains from the People’s Republic of China to 
the Western Hemisphere, including by financing 
the development of regional technology hubs 
with strong labor and environmental regula-
tions. 
Æ 
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