[Home Hearing, 114 Congress] [From the U - What happened to yahoo finance portfolios.S. Federal Government Publishing Workplace] THE STRATEGIC VALUE OF STRUCTURE A STRONGER U.S.-- CARIBBEAN COLLABORATION ======================================================================= HEARING BEFORE THE SUBCOMMITTEE ON THE WESTERN HEMISPHERE OF THE COMMITTEE ON FOREIGN AFFAIRS HOUSE OF REPRESENTATIVES ONE HUNDRED FOURTEENTH CONGRESS SECOND SESSION JULY 14, 2016 Serial No. 114-189 Printed for using the Committee on Foreign Affairs [GRAPHIC( S) NOT OFFERED IN TIFF FORMAT] Readily available by means of the World Wide Web: http://www. foreignaffairs.house. gov/ or http://www. gpo.gov/ fdsys/ _ U.S. GOVERNMENT PUBLISHING WORKPLACE 20-749PDF WASHINGTON: 2016 ----------------------------------------------------------------------- For sale by the Superintendent of Files, U.S. Government Publishing Workplace Web: bookstore.
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. BOYLE, Pennsylvania SCOTT Des, JARLAIS, Tennessee REID J. How to finance an engagement ring. RIBBLE, Wisconsin DAVID A. TROTT, Michigan LEE M. ZELDIN, New York 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 Homepage American Action ... ... ... ... ... ... ... ... ... ... 10 His Excellency Richard Bernal, pro-vice chancellor for international 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 declaration ... ... ... ...... 13 His Excellency Richard Bernal: Prepared declaration ... ...... 26 APPENDIX Hearing notice ... ... ... ... ... ... ... ... ...... 40 Hearing minutes ... ... ... ... ... ... ... ... ... ... 41 THE TACTICAL VALUE OF STRUCTURE 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 )presiding. Mr. Duncan. Okay. A quorum existing, the subcommittee will pertain to order.
I would now like to recognize myself for an opening declaration. Thank you, people, for your perseverance. Today, we need to highlight an extremely crucial area in our hemisphere that unfortunately typically gets ignored. A number of our Caribbean buddies have actually consistently urged the United timeshare cancellation industry States to pay more attention to the Caribbean, and I want you to know that I have 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 certainly important strengths for the region, the Caribbean has a lot more to use which U.S. companies, universities, and local.
neighborhoods need to think about when preparing future financial investment, scholastic research, 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 bit, sir? Can we turn that down just a bit? Okay. Which was produced in 1983 and has actually subsequently broadened to supply 17 nations and dependent territories with duty-free access to U.S. This engagement has actually resulted in a 44-percent boost in U.S. exports to the Caribbean over the past 10 years, and last year the overall trade relationship in between the U.S.
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and the Caribbean was $33. 4 billion. I think it is important to work with our next-door neighbors to mutually promote financial development through trade liberalization, regard for the guideline of law, and adherence to free enterprise concepts in order to achieve prosperity that is sustainable for the region. Accounting vs finance which is harder. In addition, I am a company supporter of much deeper U.S.-Caribbean wesley timeshare energy relations. To me it is a great deal. U.S. possesses an abundance of oil, gas, and technical competence, and the Caribbean has a few of the greatest energy expenses on the planet and requires to lower these expenses by building facilities for providing energy, integrating 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 petroleum and 28 percent of gas reserves in the hemisphere. Likewise, Argentina, Brazil, Colombia, Peru, and Trinidad and Tobago have considerable oil and gas production. In my view, freedom-loving, market-friendly, energy-producing nations in this hemisphere need to be working more carefully together to pursue hemisphere-acquired, energy self-reliance and that indicates helping non-energy producing nations consisting of the Caribbean neighbors in reaching this objective. Eventually, if the Western Hemisphere were more energy independent it would go a long method to transforming our societies and security and independence and our economic development. and CARICOM. However, I remain worried about the growing security challenges in the region from global criminal companies that look for to utilize the area to ship drugs, migrants, and contraband to United States shores. The Caribbean Basin.
Security Effort is another tool the United States has actually used because 2010 to attend to regional security problems, and offered the Caribbean's tactical area to U.S. homeland, we need to keep considering ways to enhance CBSI and better work together with the local partners to manage borders, block criminal groups 'capability to exploit permissive environments to their advantage. I am likewise worried about the individuals from the Caribbean that have signed up with Islamic extremist organizations. Southern Command, General Kelly, affirmed before Congress that near to 100 people had left the Caribbean to go fight in Syria. At a subsequent briefing, he specifically named Jamaica, Siriname, and Trinidad and Tobago as having had individuals leave for the battleground. These hazards to the United States and local security need to inspire everybody; give all of us a greater determination to do more to strengthen security cooperation. Moreover, I want to explain at a previous subcommittee hearing on border security risks in the area, I raised issues relating to reports that I had seen about resident by financial investment programs in the Caribbean which have made it possible for scams, corruption, and exploitation by foreign nationals.