[Home Hearing, 114 Congress] [From the U - What is a consumer finance account.S. Federal Government Publishing Workplace] THE STRATEGIC VALUE 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 the use of the Committee on Foreign Affairs [GRAPHIC( S) NOT READILY AVAILABLE IN TIFF FORMAT] Offered by means of 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 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 MATT SALMON, Arizona KAREN BASS, California DARRELL E. ISSA, California WILLIAM KEATING, Massachusetts TOM MARINO, Pennsylvania DAVID CICILLINE, Rhode Island JEFF wesley financial group fees 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 one of the following occupations best fits into the corporate area of finance?. RIBBLE, Wisconsin DAVID A. TROTT, Michigan LEE M. ZELDIN, New York City DANIEL DONOVAN, New York City 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 THE HEARING Mr. Eric Farnsworth: Prepared declaration ... ... ... ...... 7 Ms. Sally Yearwood: Prepared declaration ... ... ... ...... 13 His Excellency Richard Bernal: Prepared statement ... ...... 26 APPENDIX Hearing notification ... ... ... ... ... ... ... ... ...... 40 Hearing minutes ... ... ... ... ... ... ... ... ... ... 41 THE TACTICAL SIGNIFICANCE OF BUILDING A STRONGER U.S.-- CARIBBEAN PARTNERSHIP ---------- THURSDAY, JULY 14, 2016 Legislature, 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 statement. Thank you, people, for your perseverance. Today, we need to highlight an extremely essential region Look at this website in our hemisphere that sadly frequently gets ignored. A lot of our Caribbean friends have actually consistently advised the United States to pay more attention to the Caribbean, and I want you to understand that I have heard you. I would likewise like to thank Ranking Member Sires in particular for his management in working to prioritize this subcommittee's focus on the Caribbean. Nevertheless, while these are certainly important strengths for the region, the Caribbean has a lot more to offer which U.S. organizations, universities, and regional.
communities should think about when planning future financial investment, scholastic research, or where to establish stronger economic https://zenwriting.net/fordusfqu3/they-still-think-they-are-visiting-hemingway-having-a-beverage-over-there-at-la ties. Among 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 sound down a little bit, sir? Can we turn that down just a little bit? Okay. Which was produced in 1983 and has actually subsequently broadened to offer 17 countries and reliant areas 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 previous 10 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 crucial to deal with our next-door neighbors to mutually promote economic growth through trade liberalization, regard for the guideline of law, and adherence to free enterprise principles in order to achieve prosperity that is sustainable for the area. What credit score is needed to finance a car. In addition, I am a company supporter of deeper U.S.-Caribbean energy relations. To me it is a win-win situation. U.S. has an abundance of oil, gas, and technical expertise, and the Caribbean has some of the greatest energy costs on the planet and requires to decrease these expenses by developing infrastructure for delivering energy, integrating energy markets to draw in financial investment and financing, and establish pipelines and liquified gas structures. After all, the United States is the biggest energy manufacturer in the Western Hemisphere; jointly with Mexico and Canada, North America represents 71 percent of the hemisphere.
's crude oil and 28 percent of natural gas reserves in the hemisphere. Likewise, Argentina, Brazil, Colombia, Peru, and Trinidad and Tobago have significant oil and natural gas production. In my view, freedom-loving, market-friendly, energy-producing countries in this hemisphere should be working more carefully together to pursue hemisphere-acquired, energy independence which suggests assisting non-energy producing countries including the Caribbean next-door neighbors in reaching this objective. Eventually, if the Western Hemisphere were more energy independent it would go a long way to transforming our societies and security and independence and our financial development. and CARICOM. However, I remain concerned about the growing security difficulties in the region from multinational criminal companies that look for to utilize the area to ship drugs, migrants, and contraband to United States coasts. The Caribbean Basin.
Security Effort is another tool the United States has used given that 2010 to deal with local security issues, and offered the Caribbean's strategic area to U.S. homeland, we require to keep thinking about methods to enhance CBSI and better comply with the local partners to manage borders, obstruct criminal groups 'capability to exploit liberal environments to their benefit. I am likewise worried about individuals from the Caribbean that have actually joined Islamic extremist companies. Southern Command, General Kelly, affirmed before Congress that near 100 people had left the Caribbean to go battle in Syria. At a subsequent briefing, he particularly named Jamaica, Siriname, and Trinidad and Tobago as having had individuals leave for the battlefield. These hazards to the United States and local security ought to inspire everybody; provide us all a greater desire to do more to reinforce security cooperation. Moreover, I wish to point out at a previous subcommittee hearing on border security risks in the region, I raised concerns concerning reports that I had actually seen about citizen by investment programs in the Caribbean which have actually made it possible for scams, corruption, and exploitation by foreign nationals.