Global Environmental Protection and Trade Equity Act

Global Environmental Protection and Trade Equity Act - Amends the Caribbean Basin Economic Recovery Act and the Trade Act of 1974 to require the President not to designate a country as a beneficiary country eligible for duty-free treatment of its products if it does not have effective natural resource protection and pollution abatement and control standards to protect air, water, and land, or if its standards are not observed. Adds a country's lack of environmental protection standards to "unreasonable practices" used as factors for determining retaliatory action under the Trade Act of 1974.