[Home Hearing, 114 Congress] [From the U - What does leverage mean in finance.S. Government Publishing Office] THE STRATEGIC IMPORTANCE OF BUILDING A STRONGER U.S.-- CARIBBEAN COLLABORATION ======================================================================= HEARING PRIOR TO 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 using the Committee on Foreign Affairs [GRAPHIC( S) NOT AVAILABLE IN TIFF FORMAT] Available by means of the 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 Files, U.S. Government Publishing Workplace Web: book shop.
ROYCE, California, Chairman CHRISTOPHER H. SMITH, New Jersey ELIOT L. ENGEL, New York 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 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. How long can i finance a used car. RIBBLE, Wisconsin DAVID A. TROTT, Michigan LEE M. ZELDIN, New York City DANIEL DONOVAN, New York Amy Porter, Chief of Staff Thomas Sheehy, Personnel Director Jason Steinbaum, Democratic Staff 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 American Action ... ... ... ... ... ... ... ... ... ... 10 His Excellency Richard Bernal, pro-vice chancellor for worldwide affairs, University of the West Indies in Jamaica ... ... ... 24 LETTERS, DECLARATIONS, ETC., SUBMITTED FOR THE HEARING Mr. Eric Farnsworth: Prepared statement ... ... ... ...... 7 Ms. Sally Yearwood: Prepared statement ... ... ... ...... 13 His Excellency Richard Bernal: Prepared declaration ... ...... 26 APPENDIX Hearing notice ... ... ... ... ... ... ... ... ...... 40 Hearing minutes ... ... ... ... ... ... ... ... ... ... 41 THE STRATEGIC IMPORTANCE OF STRUCTURE A STRONGER U.S.-- CARIBBEAN PARTNERSHIP ---------- 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 existing, the subcommittee will come to order.
I would now like to recognize myself for an opening declaration. Thank you, people, for your patience. Today, we require to highlight a really crucial region in our hemisphere that regrettably typically gets neglected. Numerous of our Caribbean good friends have repeatedly advised the United States to pay more attention to the Caribbean, and I want you to know that I have heard you. I would also like to thank Ranking Member Sires in particular for his management in working to prioritize this subcommittee's focus on the Caribbean. Nevertheless, while these are definitely crucial strengths for the area, the Caribbean has much more to use which U.S. organizations, universities, and local.
neighborhoods need to think about when preparing future investment, scholastic research, or where to develop more powerful economic ties. One of the primary tools of U.S. engagement with CARICOM countries is the Caribbean Basin Initiative, or CBI, which was created in 1983. https://tysonbdkz605.weebly.com/blog/how-lease-or-finance-a-car-which-is-better-can-save-you-time-stress-and-money Can we turn that sound down a little bit, sir? Can we turn that down simply a bit? Okay. Which was created in 1983 and has actually consequently expanded to supply 17 countries and reliant areas with duty-free access to U.S. This engagement has actually led to a 44-percent increase in U.S. exports to the Caribbean over the previous ten years, and last year the total trade relationship between the U.S.
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and the Caribbean was $33. 4 billion. I believe it is vital to deal with our neighbors to mutually promote economic growth through trade liberalization, respect for the rule of law, and adherence to free enterprise concepts in order to attain success that is sustainable for the region. What does nav stand for in finance. timeshare unit In addition, I am a firm fan of much deeper U.S.-Caribbean energy relations. To me it is a great deal. U.S. has an abundance of oil, gas, and technical proficiency, and the Caribbean has some of the highest energy expenses in the world and requires to decrease these expenses by constructing facilities for delivering energy, incorporating energy markets to bring in financial investment and financing, and develop pipelines and liquified gas frameworks. After all, the United States is the biggest energy manufacturer in the Western Hemisphere; jointly with Mexico and Canada, North America represents 71 percent of the hemisphere.
's petroleum and 28 percent of natural 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 Visit this page nations in this hemisphere need to be working more carefully together to pursue hemisphere-acquired, energy self-reliance which indicates helping non-energy producing countries consisting of the Caribbean 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 independence and our economic development. and CARICOM. However, I stay concerned about the growing security difficulties in the area from multinational criminal companies that look for to utilize the region to deliver drugs, migrants, and contraband to United States shores. The Caribbean Basin.
Security Effort is another tool the United States has utilized because 2010 to deal with regional security concerns, and provided the Caribbean's strategic area to U.S. homeland, we need to keep considering methods to improve CBSI and more effectively comply with the regional partners to control borders, obstruct criminal groups 'ability to exploit liberal environments to their benefit. I am also worried about the individuals from the Caribbean that have actually signed up with Islamic extremist organizations. Southern Command, General Kelly, testified before Congress that near to 100 individuals had actually left the Caribbean to go battle in Syria. At a subsequent instruction, he specifically called Jamaica, Siriname, and Trinidad and Tobago as having had people leave for the battleground. These dangers to the United States and local security should encourage everybody; offer all of us a higher willingness to do more to enhance security cooperation. Additionally, I wish to mention at a previous subcommittee hearing on border security risks in the area, I raised issues relating to reports that I had seen about person by financial investment programs in the Caribbean which have actually allowed scams, corruption, and exploitation by foreign nationals.
