; (4) supports initiatives by the Inter-American Development Bank, the Government of Canada, governments in Latin America and the Caribbean, and the private sector to finance, incentivize, or otherwise promote nearshoring in Latin America and the Caribbean; (5) encourages the United States Agency for International Development and the United States International Development Finance Corporation to strengthen programmatic support for initiatives likely to facilitate the relocation of global supply chains to the Western Hemisphere, including through increased collaboration with each other, the private sector, the Inter-American Development Bank, Canada, 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, promoting education and vocational training, enhancing labor and environmental standards, and improving democratic governance; and (C) pursuing other efforts to facilitate the ease of doing business in and attract foreign direct investment to the region, including by leveraging strong relationships with Taiwan; and (7) urges the Secretary of State, in coordination with the United States Agency for International Development, the United States International Development Finance Corporation, and the heads of all other relevant Federal agencies and departments, to prioritize efforts to advance 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 mutually beneficial co-production arrangements, and facilitate economic integration of the region