[House Hearing, 114 Congress] [From the U - How old of an rv can you finance.S. Government Publishing Workplace] THE STRATEGIC SIGNIFICANCE OF BUILDING A STRONGER U.S.-- CARIBBEAN COLLABORATION ======================================================================= HEARING BEFORE THE SUBCOMMITTEE ON THE WESTERN HEMISPHERE OF THE COMMITTEE ON FOREIGN AFFAIRS LEGISLATURE ONE HUNDRED FOURTEENTH CONGRESS SECOND SESSION JULY 14, 2016 Serial No. 114-189 Printed for the usage of the Committee on Foreign Affairs [GRAPHIC( S) NOT OFFERED IN TIFF FORMAT] Available by means of the World Wide Web: http://www. foreignaffairs.house. gov/ or http://www. gpo.gov/ fdsys/ _ U.S. FEDERAL GOVERNMENT PUBLISHING OFFICE 20-749PDF WASHINGTON: 2016 ----------------------------------------------------------------------- For sale by the Superintendent of Files, U.S. Federal Government Publishing Workplace Web: book shop.
ROYCE, California, Chairman CHRISTOPHER H. SMITH, New Jersey ELIOT L. ENGEL, New York City ILEANA ROS-LEHTINEN, Florida BRAD SHERMAN, California DANA ROHRABACHER, California GREGORY W. MEEKS, New York City STEVE CHABOT, Ohio ALBIO SIRES, New Jersey JOE WILSON, South Carolina GERALD E. CONNOLLY, Virginia MICHAEL T. Mc, CAUL, Texas THEODORE E. DEUTCH, Florida TED POE, Texas BRIAN HIGGINS, New York City MATT SALMON, Arizona KAREN BASS, California DARRELL E. ISSA, California WILLIAM KEATING, Massachusetts TOM MARINO, Pennsylvania DAVID CICILLINE, Rhode Island JEFF DUNCAN, South Carolina ALAN GRAYSON, Florida MO BROOKS, Alabama AMI BERA, California PAUL COOK, California ALAN S. LOWENTHAL, California RANDY K.
YOHO, Florida ROBIN L. KELLY, Illinois CURT CLAWSON, Florida BRENDAN F. helping timeshare owners BOYLE, Pennsylvania SCOTT Des, JARLAIS, Tennessee REID J. What happened to household finance corporation. RIBBLE, Wisconsin DAVID A. TROTT, Michigan LEE M. ZELDIN, New York DANIEL DONOVAN, New York Amy Porter, Chief of Staff Thomas Sheehy, Personnel Director Jason Steinbaum, Democratic Personnel Director ------ Subcommittee on the Western Hemisphere JEFF DUNCAN, South Carolina, Chairman CHRISTOPHER H. SMITH, New Jersey ALBIO SIRES, New Jersey ILEANA ROS-LEHTINEN, Florida JOAQUIN CASTRO, Texas MICHAEL T. Mc, CAUL, Texas ROBIN L. KELLY, Illinois MATT SALMON, Arizona GREGORY W. MEEKS, New York RON De, SANTIS, Florida ALAN GRAYSON, Florida TED S.
LOWENTHAL, California DANIEL DONOVAN, New York City C O N T E N T S ---------- Page WITNESSES Mr. Eric Farnsworth, vice president, Council of the Americas and Americas Society ... ... ... ... ... ... ... ...... 4 Ms. Sally Yearwood, executive director, Caribbean-Central American Action ... ... ... ... ... ... ... ... ... ... 10 His Excellency Richard Bernal, pro-vice chancellor for global affairs, University of the West Indies in Jamaica ... ... ... 24 LETTERS, STATEMENTS, ETC., SUBMITTED FOR THE HEARING Mr. Eric Farnsworth: Prepared statement ... ... ... ...... 7 Ms. Sally Yearwood: Prepared declaration ... ... ... ...... 13 His Excellency Richard Bernal: Prepared statement ... ...... 26 APPENDIX Hearing notice ... ... ... ... ... ... ... ... ...... 40 Hearing worst vacation clubs minutes ... ... ... ... ... ... ... ... ... ... 41 THE STRATEGIC VALUE OF BUILDING A STRONGER U.S.-- CARIBBEAN PARTNERSHIP ---------- THURSDAY, JULY 14, 2016 Legislature, Subcommittee on the Western Hemisphere, Committee on Foreign Affairs, Washington, DC. Jeff Duncan (chairman of the subcommittee )administering. Mr. Duncan. Okay. A quorum being present, the subcommittee will concern order.
I would now like to recognize myself for an opening declaration. Thank you, people, for your perseverance. Today, we need to highlight a really crucial region in our hemisphere that regrettably frequently gets overlooked. Much of our Caribbean friends have repeatedly advised the United States to pay more attention to the Caribbean, and I want you to understand that I have actually heard you. I would likewise like to thank Ranking Member Sires in particular for his leadership in working to prioritize this subcommittee's concentrate on the Caribbean. Nevertheless, while these are definitely crucial strengths for the region, the Caribbean has much more to offer which U.S. organizations, universities, and local.
neighborhoods should think about when planning future investment, academic research study, or where to develop more powerful financial ties. One of the primary tools of U.S. engagement with CARICOM nations is the Caribbean Basin Effort, or CBI, which was created in 1983. Can we turn that noise down a little bit, sir? Can we turn that down simply a little bit? Okay. Which was produced in 1983 and has consequently broadened to provide 17 countries and dependent territories with duty-free access to U.S. This engagement has actually caused a 44-percent boost in U.S. exports to the Caribbean over the previous ten years, and in 2015 the overall trade relationship between the U.S.
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and the Caribbean was $33. 4 billion. I think it is vital to work with our neighbors to mutually promote financial development through trade liberalization, respect for the rule of law, and adherence to free enterprise principles in order to accomplish prosperity that is sustainable for the region. What is a cd in finance. In addition, I am a Visit this website company advocate of deeper U.S.-Caribbean energy relations. To me it is a great deal. U.S. has an abundance of oil, natural gas, and technical competence, and the Caribbean has some of the greatest energy costs on the planet and needs to decrease these expenses by building facilities for providing energy, incorporating energy markets to bring in investment and financing, and develop pipelines and liquified gas frameworks. After all, the United States is the largest energy producer in the Western Hemisphere; jointly with Mexico and Canada, North America accounts for 71 percent of the hemisphere.
's unrefined oil and 28 percent of gas reserves in the hemisphere. Similarly, Argentina, Brazil, Colombia, Peru, and Trinidad and Tobago have considerable oil and natural gas production. In my view, freedom-loving, market-friendly, energy-producing countries in this hemisphere must be working more carefully together to pursue hemisphere-acquired, energy independence and that implies helping non-energy producing countries consisting of the Caribbean next-door neighbors in reaching this objective. Ultimately, if the Western Hemisphere were more energy independent it would go a long method to changing our societies and security and self-reliance and our financial development. and CARICOM. However, I stay concerned about the growing security obstacles in the area from global criminal companies that look for to use the region to deliver drugs, migrants, and contraband to United States shores. The Caribbean Basin.
Security Initiative is another tool the United States has actually utilized because 2010 to address local security concerns, and given the Caribbean's tactical place to U.S. homeland, we require to keep thinking about ways to enhance CBSI and better comply with the regional partners to manage borders, block criminal groups 'ability to exploit permissive environments to their benefit. I am also worried about individuals from the Caribbean that have actually joined Islamic extremist companies. Southern Command, General Kelly, testified before Congress that near 100 individuals had actually left the Caribbean to go fight in Syria. At a subsequent instruction, he specifically called Jamaica, Siriname, and Trinidad and Tobago as having had individuals leave for the battlefield. These threats to the United States and local security must inspire everyone; offer all of us a higher desire to do more to strengthen security cooperation. Furthermore, I want to mention at a previous subcommittee hearing on border security threats in the region, I raised issues concerning reports that I had seen about citizen by investment programs in the Caribbean which have allowed scams, corruption, and exploitation by foreign nationals.