A resolution promoting stronger economic relations between the United States, Canada, and countries in Latin America and the Caribbean.

This resolution (SRES 273) expresses the U.S. Senate’s support for strengthening economic ties between the United States, Canada, and countries in Latin America and the Caribbean through "nearshoring" - relocating supply chains from China to the Western Hemisphere. It highlights vulnerabilities in U.S. supply chains dependent on China (citing pandemic disruptions and China’s use of critical goods as political tools) and emphasizes nearshoring’s benefits, including reduced shipping costs, stronger democratic partnerships, and job creation. The resolution urges U.S. agencies like the State Department, USAID, and the Development Finance Corporation to support nearshoring initiatives by helping partner countries improve infrastructure, combat corruption, and meet labor/environmental standards. It directly affects U.S. foreign policy implementation and governments in Latin America/Caribbean seeking to attract supply chain investments.