[House Hearing, 114 Congress] [From the U - What jobs can i get with a finance degree.S. Federal Government Publishing Office] THE STRATEGIC VALUE OF BUILDING A STRONGER U.S.-- CARIBBEAN PARTNERSHIP ======================================================================= HEARING PRIOR TO THE SUBCOMMITTEE ON THE WESTERN HEMISPHERE OF THE COMMITTEE ON FOREIGN AFFAIRS LEGISLATURE ONE HUNDRED FOURTEENTH CONGRESS cancel my timeshare SECOND SESSION JULY 14, 2016 Serial No. 114-189 Printed for using the Committee on Foreign Affairs [GRAPHIC( S) NOT OFFERED IN TIFF FORMAT] Offered via the Web: 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 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. Why are you interested in finance. 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 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 international affairs, University of the West Indies in Jamaica ... ... ... 24 LETTERS, STATEMENTS, ETC., SUBMITTED FOR THE HEARING Mr. Eric Farnsworth: Prepared declaration ... ... ... ...... 7 Ms. Sally Yearwood: Prepared declaration ... ... ... ...... 13 His Excellency Richard Bernal: Prepared statement ... ...... 26 APPENDIX Hearing notice ... ... ... ... ... ... ... ... ...... 40 Hearing minutes ... ... ... ... ... ... ... ... ... ... 41 THE STRATEGIC SIGNIFICANCE OF BUILDING A STRONGER U.S.-- CARIBBEAN COLLABORATION ---------- THURSDAY, JULY 14, 2016 Home 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 pertain to order.
I would now like to acknowledge myself for an opening declaration. Thank you, men, for your perseverance. Today, we need to highlight a very essential area in our hemisphere that unfortunately frequently gets ignored. Much of our Caribbean friends have actually consistently advised the United States to pay more attention to the taye mcdowell Caribbean, and I desire 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 important strengths for the area, the Caribbean has far more to use which U.S. businesses, universities, and local.
neighborhoods should think about when planning future investment, scholastic research, or where to develop more powerful financial ties. One of the primary tools of U.S. engagement with CARICOM countries is the Caribbean Basin Effort, or CBI, which was created in 1983. Can we turn that sound down a little bit, sir? Can we turn that down just a little bit? Okay. Which was developed in 1983 and has consequently expanded to provide 17 countries and reliant territories with duty-free access to U.S. This engagement has actually caused a 44-percent boost in U.S. exports to the Caribbean over the previous 10 years, and last year the total trade relationship in between the U.S.
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and the Caribbean was $33. 4 billion. I think it is critical to deal 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 accomplish prosperity that is sustainable for the region. What do you need to finance a car. In addition, I am a timeshare cancellation letter sample firm fan of deeper U.S.-Caribbean energy relations. To me it is a great deal. U.S. has an abundance of oil, gas, and technical know-how, and the Caribbean has a few of the greatest energy costs worldwide and requires to reduce these expenses by developing infrastructure for providing energy, integrating energy markets to bring in investment and funding, and develop pipelines and liquified natural gas structures. After all, the United States is the largest energy producer in the Western Hemisphere; collectively with Mexico and Canada, The United States and Canada represents 71 percent of the hemisphere.
's crude oil 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 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 transforming our societies and security and independence and our financial development. and CARICOM. However, I remain concerned about the growing security challenges in the region from global criminal organizations that look for to use the area to ship drugs, migrants, and contraband to United States coasts. The Caribbean Basin.
Security Effort is another tool the United States has utilized since 2010 to address regional security issues, and provided the Caribbean's strategic place to U.S. homeland, we require to keep considering methods to improve CBSI and better cooperate with the local partners to manage borders, block criminal groups 'capability to make use of permissive environments to their benefit. I am also concerned about the people from the Caribbean that have joined Islamic extremist companies. Southern Command, General Kelly, affirmed prior to Congress that near to 100 people had actually left the Caribbean to go fight in Syria. At a subsequent instruction, he specifically called Jamaica, Siriname, and Trinidad and Tobago as having had people leave for the battlefield. These risks to the United States and local security ought to motivate everyone; offer us all a greater determination to do more to enhance security cooperation. Additionally, I wish to point out at a previous subcommittee hearing on border security threats in the region, I raised issues relating to reports that I had actually seen about citizen by investment programs in the Caribbean which have actually allowed fraud, corruption, and exploitation by foreign nationals.