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[House Hearing, 114 Congress] [From the U - Which of these is the best description of personal finance.S. Government Publishing Workplace] THE STRATEGIC SIGNIFICANCE OF STRUCTURE 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 SECOND SESSION JULY 14, 2016 Serial No. 114-189 Printed for the use of the Committee on Foreign Affairs [GRAPHIC( S) NOT READILY AVAILABLE IN TIFF FORMAT] Offered via the 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. Federal Government Publishing Office Internet: bookstore.

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 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 do you need to finance a car. RIBBLE, Wisconsin DAVID A. TROTT, Michigan LEE M. ZELDIN, New York City DANIEL DONOVAN, New York Amy Porter, Chief of Staff Thomas Sheehy, Staff 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 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, DECLARATIONS, AND SO ON, SUBMITTED FOR https://devinkxza167.shutterfly.com/103 THE HEARING Mr. Eric Farnsworth: Prepared declaration ... ... ... ...... 7 Ms. Sally Yearwood: Prepared declaration ... ... ... ...... 13 His Excellency Richard Bernal: Prepared declaration ... ...... 26 APPENDIX Hearing notice ... ... ... ... ... ... ... ... ...... 40 Hearing minutes ... ... ... ... ... ... ... ... ... ... 41 THE TACTICAL IMPORTANCE OF BUILDING A STRONGER U.S.-- CARIBBEAN COLLABORATION ---------- THURSDAY, JULY 14, 2016 Legislature, Subcommittee how can i get out of my timeshare for free 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 concern order.

I would now like to acknowledge myself for an opening declaration. Thank you, guys, for your patience. Today, we require to highlight an extremely crucial area in our hemisphere that regrettably frequently gets ignored. A lot of our Caribbean friends have consistently prompted the United 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 specific for his management in Have a peek at this website working to prioritize this subcommittee's concentrate on the Caribbean. However, while these are definitely important strengths for the area, the Caribbean has far more to provide which U.S. organizations, universities, and local.

neighborhoods ought to think about when planning future investment, academic research, or where to develop more powerful economic ties. Among the primary tools of U.S. engagement with CARICOM nations is the Caribbean Basin Initiative, or CBI, which was produced in 1983. Can we turn that noise down a little bit, sir? Can we turn that down simply a bit? Okay. Which was produced in 1983 and has actually consequently broadened to supply 17 countries and dependent territories with duty-free access to U.S. This engagement has resulted in a 44-percent increase in U.S. exports to the Caribbean over the previous 10 years, and in 2015 the total trade relationship in between the U.S.

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and the Caribbean was $33. 4 billion. I believe it is important to work with our next-door neighbors to equally promote economic development through trade liberalization, regard for the guideline of law, and adherence to free enterprise concepts in order to attain prosperity that is sustainable for the region. What is a future in finance. In addition, I am a firm fan of deeper U.S.-Caribbean energy relations. To me it is a win-win situation. U.S. possesses an abundance of oil, natural gas, and technical competence, and the Caribbean has a few of the highest energy costs on the planet and requires to decrease these expenses by building infrastructure for delivering energy, incorporating energy markets to attract investment and financing, and establish pipelines and liquified natural gas structures. After all, the United States is the biggest energy producer in the Western Hemisphere; collectively with Mexico and Canada, North America 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 significant oil and gas production. In my view, freedom-loving, market-friendly, energy-producing nations in this hemisphere should be working more carefully together to pursue hemisphere-acquired, energy independence and that implies assisting non-energy producing countries including the Caribbean next-door neighbors in reaching this goal. Eventually, if the Western Hemisphere were more energy independent it would go a long method to transforming our societies and security and self-reliance and our financial growth. and CARICOM. However, I stay concerned about the growing security difficulties in the region from global criminal organizations that seek to use the region to deliver drugs, migrants, and contraband to United States coasts. The Caribbean Basin.

Security Effort is another tool the United States has utilized given that 2010 to deal with regional security concerns, and offered the Caribbean's tactical area to U.S. homeland, we require to keep considering methods to improve CBSI and better work together with the local partners to manage borders, block criminal groups 'ability to make use of liberal environments to their advantage. I am also concerned 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 battle in Syria. At a subsequent instruction, he specifically called Jamaica, Siriname, and Trinidad and Tobago as having had individuals leave for the battleground. These dangers to the United States and regional security must inspire everybody; give all of us a greater desire to do more to reinforce security cooperation. Furthermore, I wish to point out at a previous subcommittee hearing on border security hazards in the area, I raised issues regarding reports that I had actually seen about resident by investment programs in the Caribbean which have allowed fraud, corruption, and exploitation by foreign nationals.