[House Hearing, 114 Congress] [From the U - How long can you finance a used car.S. Federal Government Publishing Office] THE STRATEGIC SIGNIFICANCE OF STRUCTURE A STRONGER U.S.-- CARIBBEAN PARTNERSHIP ======================================================================= HEARING BEFORE THE SUBCOMMITTEE ON THE WESTERN HEMISPHERE OF THE COMMITTEE ON FOREIGN AFFAIRS HOME 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] Readily available by means of 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 Documents, U.S. Government Publishing Workplace Internet: 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 is a swap 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 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 American Action ... ... ... ... ... ... ... ... ... ... 10 His Excellency Richard Bernal, pro-vice chancellor for international affairs, University of the West Indies in Jamaica ... ... ... 24 LETTERS, DECLARATIONS, AND SO ON, 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 TACTICAL IMPORTANCE OF STRUCTURE 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 )administering. Mr. Duncan. Okay. A quorum existing, the subcommittee will concern order.
I would now like to acknowledge myself for an opening declaration. Thank you, men, for your persistence. Today, we need to highlight a very important area in our hemisphere that regrettably often gets overlooked. A lot of our Caribbean pals have repeatedly prompted the United States to pay more attention to the Caribbean, and I want you to know that I have actually heard you. I would also like to thank Ranking Member Sires in specific for his management in working to prioritize this subcommittee's concentrate on the Caribbean. However, while these are definitely crucial strengths for the area, the Caribbean has a lot more to offer which U.S. services, universities, and regional.
communities should think about when planning future investment, timeshare travis reviews academic research, or where to establish more powerful financial 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 just a bit? Okay. Which was developed in 1983 and has actually consequently expanded to provide 17 countries and reliant territories with duty-free access to U.S. This engagement has actually resulted in a 44-percent increase in U.S. exports to the Caribbean over the previous ten years, and in 2015 the overall trade relationship between the U.S.
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and the Caribbean was $33. 4 billion. I think it is important to deal with our neighbors to mutually promote economic growth through trade liberalization, regard for the rule of law, and adherence to free market principles in order to achieve prosperity that is sustainable for the area. How long can you finance a camper. In addition, I am a company fan of deeper U.S.-Caribbean energy relations. To me it is a great deal. U.S. has an abundance of oil, natural gas, and technical know-how, and the Caribbean has a few of the greatest energy costs in the world and needs to reduce these expenses by developing facilities for delivering 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 largest energy manufacturer in the Western Hemisphere; jointly with Mexico and Canada, The United States and Canada accounts for 71 percent of the hemisphere.
's unrefined oil and 28 percent of gas reserves in the hemisphere. Likewise, Argentina, Brazil, Colombia, Peru, and Trinidad and Tobago have substantial oil and gas production. In my view, freedom-loving, market-friendly, energy-producing nations in this hemisphere should be working more closely together to pursue hemisphere-acquired, energy self-reliance and that suggests helping non-energy producing nations consisting of the Caribbean next-door neighbors in reaching this goal. Eventually, 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 economic development. and CARICOM. However, I stay concerned about the growing security difficulties in can you just walk away from a timeshare the area from multinational criminal companies that seek to utilize the region to ship drugs, migrants, and contraband to United States shores. The Caribbean Basin.
Security Initiative is another tool the United States has used considering that 2010 to resolve local security issues, and offered the Caribbean's tactical location to U.S. homeland, we require to keep thinking about methods to enhance CBSI and better comply with the regional partners to control borders, block criminal groups 'ability to exploit liberal environments to their advantage. I am likewise concerned about individuals from the Caribbean that have actually signed up with Islamic extremist companies. Southern Command, General Kelly, affirmed before Congress that near to 100 individuals had actually left the Caribbean to go fight in Syria. At a subsequent rundown, he particularly called Jamaica, Siriname, and Trinidad and Tobago as having had people leave for the battlefield. These threats to the United States and local security must inspire all of us; offer us all a higher willingness to do are timeshares a good value more to enhance security cooperation. Additionally, I wish to mention at a previous subcommittee hearing on border security dangers in the region, I raised issues concerning reports that I had actually seen about resident by investment programs in the Caribbean which have actually allowed fraud, corruption, and exploitation by foreign nationals.