[Home Hearing, 114 Congress] [From the U - How to finance an engagement ring.S. Government Publishing Workplace] THE STRATEGIC SIGNIFICANCE OF STRUCTURE A STRONGER U.S.-- CARIBBEAN PARTNERSHIP ======================================================================= HEARING BEFORE THE SUBCOMMITTEE ON THE WESTERN HEMISPHERE OF THE COMMITTEE ON FOREIGN AFFAIRS HOME OF REPRESENTATIVES ONE HUNDRED FOURTEENTH CONGRESS SECOND SESSION JULY 14, 2016 Serial No. 114-189 Printed for the use of the Committee on Foreign Affairs [GRAPHIC( S) NOT AVAILABLE IN TIFF FORMAT] Readily available through the World Wide Web: http://www. foreignaffairs.house. gov/ or http://www. gpo.gov/ fdsys/ _ U.S. GOVERNMENT PUBLISHING OFFICE 20-749PDF WASHINGTON: 2016 ----------------------------------------------------------------------- For sale by the Superintendent of Documents, U.S. Government Publishing Workplace Internet: bookstore.
ROYCE, California, Chairman CHRISTOPHER Take a look at the site here 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 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. BOYLE, Pennsylvania SCOTT Des, JARLAIS, Tennessee REID J. What is a note in finance. RIBBLE, Wisconsin DAVID A. TROTT, Michigan LEE M. ZELDIN, New York City DANIEL DONOVAN, New York City Amy Porter, Chief of Personnel Thomas Sheehy, Staff 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 City 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 get out of timeshare lawyer American Action ... ... ... ... ... ... ... ... ... ... 10 His Excellency Richard Bernal, pro-vice chancellor for worldwide affairs, University of the West Indies in Jamaica ... ... ... 24 LETTERS, DECLARATIONS, AND SO ON, SUBMITTED FOR THE HEARING Mr. Eric Farnsworth: Prepared declaration ... ... ... ...... 7 Ms. Sally Yearwood: Prepared statement ... ... ... ...... 13 His Excellency Richard Bernal: Prepared declaration ... ...... 26 APPENDIX Hearing notice ... ... ... ... ... ... ... ... ...... 40 Hearing minutes ... ... ... ... ... ... ... ... ... ... 41 THE TACTICAL VALUE OF BUILDING A STRONGER U.S.-- CARIBBEAN COLLABORATION ---------- THURSDAY, JULY 14, 2016 House of Representatives, Subcommittee on the Western Hemisphere, Committee on Foreign Affairs, Washington, DC. Jeff Duncan (chairman of the subcommittee )presiding. Mr. Duncan. Okay. A quorum being present, the subcommittee will concern order.
I would now like to acknowledge myself for an opening declaration. Thank you, people, for your persistence. Today, we require to highlight a very important region in our hemisphere that sadly typically gets ignored. Many of our Caribbean buddies have actually repeatedly urged the United States to pay more attention to the Caribbean, and I desire you to understand that I have heard you. I would also like to thank Ranking Member Sires in particular for his leadership in working to prioritize this subcommittee's concentrate on the Caribbean. However, while these are definitely important strengths for the area, the Caribbean has far more to provide which U.S. companies, universities, and regional.
neighborhoods must consider when planning future investment, scholastic research, or where to establish more powerful financial ties. One of the main tools of U.S. engagement with CARICOM nations is the Caribbean Basin Effort, or CBI, which was produced in 1983. Can we turn that noise down a little bit, sir? Can Click here! we turn that down just a little bit? Okay. Which was produced in 1983 and has actually consequently expanded to provide 17 nations and dependent areas with duty-free access to U.S. This engagement has caused a 44-percent boost in U.S. exports to the Caribbean over the past 10 years, and last year the total 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 equally promote financial growth through trade liberalization, respect for the rule of law, and adherence to free market concepts in order to achieve success that is sustainable for the area. How to owner finance a home. In addition, I am a company fan of much deeper U.S.-Caribbean energy relations. To me it is a great deal. U.S. possesses an abundance of oil, natural gas, and technical expertise, and the Caribbean has some of the greatest energy costs in the world and requires to decrease these costs by building infrastructure for delivering energy, integrating energy markets to attract financial investment and funding, and establish pipelines and liquified natural gas structures. After all, the United States is the largest energy manufacturer in the Western Hemisphere; collectively with Mexico and Canada, North America represents 71 percent of the hemisphere.
's unrefined oil and 28 percent of natural gas reserves in the hemisphere. Likewise, 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 should be working more closely together to pursue hemisphere-acquired, energy independence and that means assisting non-energy producing countries including the Caribbean neighbors in reaching this goal. Ultimately, if the Western Hemisphere were more energy independent it would go a long method to changing our societies and security and independence and our financial growth. and CARICOM. Nevertheless, I stay concerned about the growing security difficulties in the area from transnational criminal organizations that look for to use the region to deliver drugs, migrants, and contraband to United States coasts. The Caribbean Basin.
Security Initiative is another tool the United States has actually utilized considering that 2010 to address local security issues, and offered the Caribbean's strategic area to U.S. homeland, we require to keep thinking about methods to improve CBSI and more efficiently work together with the regional partners to control borders, block criminal groups 'capability to make use of liberal environments to their advantage. I am also worried about the individuals from the Caribbean that have actually signed up with Islamic extremist organizations. Southern Command, General Kelly, affirmed before Congress that close to 100 individuals had actually left the Caribbean to go fight in Syria. At a subsequent instruction, he particularly named Jamaica, Siriname, and Trinidad and Tobago as having had people leave for the battlefield. These risks to the United States and local security should inspire everyone; provide us all a higher willingness to do more to enhance security cooperation. Moreover, I want to mention at a previous subcommittee hearing on border security threats in the area, I raised concerns regarding reports that I had actually seen about person by financial investment programs in the Caribbean which have made it possible for scams, corruption, and exploitation by foreign nationals.