[Home Hearing, 114 Congress] [From the U - What does finance a car mean.S. Government Publishing Office] THE STRATEGIC VALUE OF STRUCTURE A STRONGER U.S.-- CARIBBEAN COLLABORATION ======================================================================= HEARING PRIOR TO 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 making use of the Committee on Foreign Affairs [GRAPHIC( S) NOT READILY AVAILABLE IN TIFF FORMAT] Available via 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 Documents, U.S. Government Publishing Office Internet: 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. What can i do with a degree in finance. RIBBLE, Wisconsin DAVID A. TROTT, Michigan LEE M. ZELDIN, New York City DANIEL DONOVAN, New York Amy Porter, Chief of Personnel 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 global affairs, University of the West Indies in Jamaica ... ... ... 24 LETTERS, STATEMENTS, 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 notification ... ... ... ... ... ... ... ... ...... 40 Hearing minutes ... ... ... ... ... ... ... ... ... ... 41 THE STRATEGIC VALUE OF STRUCTURE A STRONGER U.S.-- CARIBBEAN PARTNERSHIP ---------- THURSDAY, JULY 14, 2016 Home of Representatives, 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 pertain to order.
I would now like to acknowledge myself for an opening declaration. Thank you, people, for your patience. Today, we require to highlight a very crucial area in our hemisphere that unfortunately frequently gets neglected. Much of our Caribbean pals have actually consistently prompted the United States to pay more attention to the Caribbean, and I want you to understand that I have actually heard you. I would also like to thank Ranking Member Sires in specific for his leadership in working to prioritize this subcommittee's concentrate on the Caribbean. However, while these are certainly essential strengths for the area, the Caribbean has a lot more to provide which U.S. businesses, universities, and regional.
communities ought to consider when preparing future investment, scholastic floating week timeshare definition research, or where to develop stronger economic ties. One of the main tools of U.S. engagement with CARICOM countries is the Caribbean Basin Initiative, or CBI, which was produced in 1983. Can we turn that sound down a bit, sir? Can we turn that down just a little bit? Okay. Which was created in 1983 and has actually subsequently broadened to supply 17 nations and dependent areas with duty-free access to U.S. This engagement has actually caused 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 think it is critical to work with our next-door neighbors to equally promote economic growth through trade liberalization, respect for the guideline of law, and adherence to free enterprise concepts in order to attain success that is sustainable for the area. How many years can you finance a boat. In addition, I am a company supporter of deeper U.S.-Caribbean energy relations. To me it is a win-win circumstance. U.S. has an abundance of oil, natural gas, and technical competence, and the Caribbean has some of the highest energy costs on the planet and needs to lower these costs by constructing facilities for providing energy, integrating energy markets to draw in financial investment and funding, and establish pipelines and liquified gas frameworks. After all, the United States is the biggest energy manufacturer in the Western Hemisphere; collectively with Mexico and Canada, North America represents 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 significant 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 timeshare inheritance pursue hemisphere-acquired, energy independence which indicates helping non-energy producing nations including the Caribbean next-door neighbors in reaching this objective. Ultimately, if the Western Hemisphere were more energy independent it would go a long way to transforming our societies and security and independence and our financial growth. and CARICOM. However, I stay concerned about the growing security obstacles in the region from transnational criminal organizations that seek to use the region to ship drugs, migrants, and contraband to United States shores. The Caribbean Basin.
Security Effort is another tool the United States has actually used given that 2010 to deal with regional security concerns, and given the Caribbean's strategic area to U.S. homeland, we need to keep thinking about methods to wesley financial group nashville enhance CBSI and better cooperate with the local partners to control borders, obstruct criminal groups 'capability to exploit permissive environments to their advantage. I am also worried about individuals from the Caribbean that have actually joined Islamic extremist organizations. Southern Command, General Kelly, testified prior to Congress that near to 100 individuals had actually left the Caribbean to go battle in Syria. At a subsequent rundown, he particularly called Jamaica, Siriname, and Trinidad and Tobago as having had people leave for the battleground. These risks to the United States and regional security must inspire everyone; provide us all a greater desire to do more to reinforce security cooperation. Additionally, I want to point out at a previous subcommittee hearing on border security risks in the region, I raised issues concerning reports that I had seen about person by financial investment programs in the Caribbean which have actually allowed fraud, corruption, and exploitation by foreign nationals.