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[Home Hearing, 114 Congress] [From the U - Which of these is the best description of personal finance.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 HOUSE OF REPRESENTATIVES ONE HUNDRED FOURTEENTH CONGRESS SECOND SESSION JULY 14, 2016 Serial No. 114-189 Printed for using the Committee on Foreign Affairs [GRAPHIC( S) NOT READILY AVAILABLE IN TIFF FORMAT] Available via the Web: http://www. foreignaffairs.house. gov/ or http://www. gpo.gov/ fdsys/ _ U.S. GOVERNMENT PUBLISHING OFFICE 20-749PDF WASHINGTON: 2016 ----------------------------------------------------------------------- For sale by the Superintendent of Files, U.S. Government Publishing Office Internet: book shop.

ROYCE, California, Chairman CHRISTOPHER H. SMITH, New Jersey ELIOT L. ENGEL, New York City ILEANA ROS-LEHTINEN, Florida BRAD SHERMAN, Learn more here best timeshare cancellation company 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. Which of the following can be described as involving direct finance. RIBBLE, Wisconsin DAVID A. TROTT, Michigan LEE M. ZELDIN, New York DANIEL DONOVAN, New York Amy Porter, Chief of Personnel 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 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 declaration ... ...... 26 APPENDIX Hearing notice ... ... ... ... ... ... ... ... ...... 40 Hearing minutes ... ... ... ... ... ... ... ... ... ... 41 THE STRATEGIC IMPORTANCE OF BUILDING A STRONGER U.S.-- CARIBBEAN COLLABORATION ---------- THURSDAY, JULY 14, 2016 Legislature, 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 recognize myself for an opening declaration. Thank you, people, for your patience. Today, we need to highlight an extremely crucial area in our hemisphere that unfortunately often gets ignored. Much of our Caribbean pals have repeatedly advised 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 management in working to prioritize this subcommittee's focus on the Caribbean. Nevertheless, while these are definitely essential strengths for the area, the Caribbean has far more to offer which U.S. companies, universities, and local.

neighborhoods should think about when preparing future investment, scholastic research study, or where to develop stronger economic ties. One of the main tools of U.S. engagement with CARICOM nations 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 produced in 1983 and has actually consequently broadened to offer 17 nations and reliant territories 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 10 years, and in 2015 the overall trade relationship in between the U.S.

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and the Caribbean was $33. 4 billion. I think it is vital to deal with our next-door neighbors to mutually promote economic development through trade liberalization, regard for the guideline of law, and adherence to complimentary market concepts in order to achieve prosperity that is sustainable for the region. Why are you interested 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. has an abundance of oil, natural gas, and technical proficiency, and the Caribbean has a few of the highest energy costs on the planet and needs to decrease these costs by building facilities for providing energy, incorporating energy markets to bring in financial investment and funding, and develop pipelines and liquified gas frameworks. After all, the United States is the biggest energy manufacturer in the Western Hemisphere; jointly with Mexico and Canada, The United States and Check out here Canada accounts for 71 percent of the hemisphere.

's unrefined oil and 28 percent of natural gas reserves in the hemisphere. Similarly, 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 independence which indicates helping non-energy producing countries consisting of the Caribbean neighbors in reaching this objective. Eventually, if the Western Hemisphere were more energy independent it would go a long method to transforming our societies and security and independence and our economic development. and CARICOM. However, I stay worried about the growing security obstacles in the area from transnational criminal organizations that look for to use the area to deliver drugs, migrants, and contraband to United States shores. The Caribbean Basin.

Security Initiative is another tool the United States has used given that 2010 to attend to local security problems, and provided the Caribbean's strategic location to U.S. homeland, we need to keep thinking about methods to improve CBSI and more effectively comply with the local partners to manage borders, obstruct criminal groups 'ability to make use of liberal environments to their benefit. I am also worried about individuals from the Caribbean that have joined Islamic extremist organizations. Southern Command, General Kelly, affirmed prior to Congress that near 100 individuals had actually 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 battlefield. These risks to the United States and regional security should inspire all of us; provide all of us a higher willingness to do more to enhance security cooperation. Moreover, I wish to mention at a previous subcommittee hearing on border security dangers in the area, I raised issues relating to reports that I had actually seen about resident by investment programs in the Caribbean which have actually enabled fraud, corruption, and exploitation by foreign nationals.