[Home Hearing, 114 Congress] [From the U - How to find the finance charge.S. Federal Government Publishing Workplace] THE STRATEGIC IMPORTANCE OF BUILDING 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 AVAILABLE IN TIFF FORMAT] Available via the Internet: 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. 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 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 was the reconstruction finance corporation. RIBBLE, Wisconsin DAVID A. TROTT, Michigan LEE M. ZELDIN, New York City DANIEL DONOVAN, New York City 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 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 ... ... ... wyndham timeshare cancellation ... ... ... ... ...... 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, AND SO ON, 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 COLLABORATION ---------- 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 being present, the subcommittee will come to order.
I would now like to acknowledge myself for an opening statement. Thank you, men, for your perseverance. Today, we require to highlight a really important region in our hemisphere that sadly typically gets neglected. A lot of our Caribbean pals have repeatedly urged 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 management in working to prioritize this subcommittee's focus on the Caribbean. However, while these are certainly essential strengths for the area, the Caribbean has far more to provide which U.S. services, universities, and regional.
communities need to think about when planning future financial investment, academic research, Hop over to this website or where to establish stronger economic ties. Among the primary tools of U.S. engagement with CARICOM countries is the Caribbean Basin Effort, or CBI, which was produced in 1983. Can we turn that noise down a bit, sir? Can we turn that down simply a little bit? Okay. Which was produced in 1983 and has actually subsequently expanded to offer 17 nations and dependent areas with duty-free access to U.S. This engagement has resulted in a 44-percent boost in U.S. exports to the Caribbean over the previous ten years, and last year the overall trade relationship between the U.S.
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and the Caribbean was $33. 4 billion. I believe it Go here is important to deal with our next-door neighbors to equally promote economic growth through trade liberalization, regard for the rule of law, and adherence to free enterprise principles in order to accomplish success that is sustainable for the region. Which one of the following occupations best fits into the corporate area of finance?. In addition, I am a company advocate of much deeper U.S.-Caribbean energy relations. To me it is a great deal. U.S. possesses an abundance of oil, gas, and technical know-how, and the Caribbean has a few of the greatest energy costs worldwide and requires to lower these expenses by constructing facilities for delivering energy, integrating energy markets to draw in financial investment and funding, and establish pipelines and liquified natural gas frameworks. After all, the United States is the largest energy manufacturer in the Western Hemisphere; collectively with Mexico and Canada, North America accounts for 71 percent of the hemisphere.
's crude oil and 28 percent of natural 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 countries in this hemisphere ought to be working more closely together to pursue hemisphere-acquired, energy independence which indicates helping non-energy producing nations consisting of the Caribbean neighbors in reaching this goal. Ultimately, if the Western Hemisphere were more energy independent it would go a long way to changing our societies and security and self-reliance and our financial growth. and CARICOM. Nevertheless, I remain concerned about the growing security difficulties in the area from transnational criminal companies that look for to utilize the area to deliver drugs, migrants, and contraband to United States shores. The Caribbean Basin.
Security Initiative is another tool the United States has actually used considering that 2010 to address local security issues, and given the Caribbean's strategic area to U.S. homeland, we need to keep thinking about ways to enhance CBSI and more effectively work together with the local partners to control borders, block criminal groups 'capability to make use of liberal environments to their benefit. I am also concerned about the individuals from the Caribbean that have actually joined Islamic extremist organizations. Southern Command, General Kelly, affirmed prior to Congress that near 100 individuals had actually left the Caribbean to go battle in Syria. At a subsequent rundown, he specifically named Jamaica, Siriname, and Trinidad and Tobago as having had individuals leave for the battleground. These threats to the United States and local security should motivate all of us; offer us all a higher willingness to do more to strengthen security cooperation. Furthermore, I wish to point out at a previous subcommittee hearing on border security hazards in the region, I raised concerns regarding reports that I had actually seen about citizen by financial investment programs in the Caribbean which have actually allowed fraud, corruption, and exploitation by foreign nationals.