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[House Hearing, 114 Congress] [From the U - What is a note in finance.S. Government Publishing Workplace] THE STRATEGIC SIGNIFICANCE OF BUILDING A STRONGER U.S.-- CARIBBEAN COLLABORATION ======================================================================= 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] Available by means of 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 Files, U.S. Government Publishing foreclosure timeshare Office 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, https://writeablog.net/gerton4in5/they-still-think-they-are-going-t... JARLAIS, Tennessee REID J. What is a future in finance. RIBBLE, Wisconsin DAVID A. TROTT, Michigan LEE M. ZELDIN, New York 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 City 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 wesley company ON, SUBMITTED FOR THE HEARING Mr. Eric Farnsworth: Prepared statement ... ... ... ...... 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 BUILDING A STRONGER U.S.-- CARIBBEAN PARTNERSHIP ---------- THURSDAY, JULY 14, 2016 House 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 come to order.

I would now like to recognize myself for an opening declaration. Thank you, guys, for your perseverance. Today, we need to highlight an extremely essential region in our hemisphere that regrettably often gets overlooked. Much of our Caribbean friends have actually consistently urged the United States to pay more attention to the Caribbean, and I desire you to understand that I have actually heard you. I would likewise like to thank Ranking Member Sires in specific for his leadership in working to prioritize this subcommittee's focus on the Caribbean. However, while these are certainly essential strengths for the region, the Caribbean has a lot more to provide which U.S. organizations, universities, and local.

neighborhoods need to think about when planning future investment, scholastic research, or where to establish stronger economic ties. One of the main tools of U.S. engagement with CARICOM nations is the Caribbean Basin Effort, or CBI, which was developed in 1983. Can we turn that sound down a bit, sir? Can we turn that down just a little bit? Okay. Which was developed in 1983 and has actually consequently expanded to supply 17 countries and reliant territories with duty-free access to U.S. This engagement has led to a 44-percent increase in U.S. exports to the Caribbean over the past 10 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 is crucial to work with our neighbors to equally promote economic growth through trade liberalization, respect for the guideline of law, and adherence to totally free market concepts in order to attain success that is sustainable for the region. What does ltm mean in finance. In addition, I am a firm advocate of deeper U.S.-Caribbean energy relations. To me it is a great deal. U.S. possesses an abundance of oil, natural gas, and technical competence, and the Caribbean has some of the greatest energy expenses on the planet and requires to decrease these expenses by constructing facilities for providing energy, incorporating energy markets to bring in financial investment and financing, and establish pipelines and liquified gas frameworks. After all, the United States is the largest energy producer in the Western Hemisphere; jointly with Mexico and Canada, The United States and Canada accounts for 71 percent of the hemisphere.

's petroleum and 28 percent of natural gas reserves in the hemisphere. Likewise, Argentina, Brazil, Colombia, Peru, and Trinidad and Tobago have substantial oil and natural gas production. In my view, freedom-loving, market-friendly, energy-producing countries in this hemisphere should be working more closely together to pursue hemisphere-acquired, energy independence and that indicates helping non-energy producing countries including the Caribbean neighbors in reaching this objective. Eventually, if the Western Hemisphere were more energy independent it would go a long method to changing our societies and security and independence and our economic development. and CARICOM. However, I stay worried about the growing security challenges 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 Initiative is another tool the United States has actually used since 2010 to deal with local security problems, and provided the Caribbean's tactical area to U.S. homeland, we need to keep considering ways to improve CBSI and better cooperate with the regional partners to manage borders, obstruct criminal groups 'ability to make use of permissive environments to their benefit. I am also concerned about the people from the Caribbean that have signed up with Islamic extremist companies. Southern Command, General Kelly, testified prior to Congress that near 100 people had left the Caribbean to go fight in Syria. At a subsequent instruction, he specifically named Jamaica, Siriname, and Trinidad and Tobago as having had individuals leave for the battleground. These hazards to the United States and local security ought to inspire everybody; provide us all a greater desire to do more to strengthen security cooperation. Furthermore, I wish to explain at a previous subcommittee hearing on border security hazards in the region, I raised issues relating to reports that I had actually seen about resident by investment programs in the Caribbean which have actually enabled scams, corruption, and exploitation by foreign nationals.