[Home Hearing, 114 Congress] [From the U - What credit score is needed to finance a car.S. Federal Government Publishing Workplace] 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 making use of the Committee on Foreign Affairs [GRAPHIC( S) NOT AVAILABLE IN TIFF FORMAT] Offered through 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 Office Internet: 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 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 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 does etf stand for in finance. RIBBLE, Wisconsin DAVID A. TROTT, Michigan LEE M. ZELDIN, New York City DANIEL DONOVAN, New York City Amy Porter, Chief of Personnel 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 Go to the website SALMON, Arizona GREGORY W. MEEKS, New York 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 worldwide 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 TACTICAL VALUE 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 )presiding. Mr. Duncan. Okay. A quorum being present, 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 a very important region in our hemisphere that sadly typically gets ignored. A number of our Caribbean buddies have actually consistently prompted the United States to pay more attention to the Caribbean, and I desire you to know that I have heard you. I would likewise like to thank Ranking Member Sires in particular for his leadership in working to prioritize this subcommittee's concentrate on the Caribbean. However, while these are certainly crucial strengths for the region, the Caribbean has far more to offer which U.S. services, universities, and local.
communities should think about when planning future investment, academic research, or where to develop more powerful economic ties. One of the main tools of U.S. engagement with CARICOM countries is the Caribbean Basin Initiative, or CBI, which was created in 1983. Can we turn that noise down a bit, sir? Can we turn that down simply a little bit? Okay. Which was created in 1983 and has Browse this site subsequently broadened to supply 17 nations and dependent areas with duty-free access to U.S. This engagement has led to a 44-percent increase Click to find out more in U.S. exports to the Caribbean over the past 10 years, and last year the overall trade relationship in between the U.S.
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and the Caribbean was $33. 4 billion. I believe it is vital to deal with our next-door neighbors to mutually promote financial growth through trade liberalization, respect for the rule of law, and adherence to complimentary market principles in order to accomplish prosperity that is sustainable for the area. How to finance an investment property. In addition, I am a firm fan of deeper U.S.-Caribbean energy relations. To me it is a win-win scenario. U.S. has an abundance of oil, natural gas, and technical know-how, and the Caribbean has a few of the highest energy costs in the world and needs to lower these expenses by building facilities for delivering energy, integrating energy markets to draw in financial investment and financing, and develop pipelines and liquified gas structures. After all, the United States is the largest energy producer in the Western Hemisphere; collectively 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. Similarly, Argentina, Brazil, Colombia, Peru, and Trinidad and Tobago have considerable oil and natural gas production. In my view, freedom-loving, market-friendly, energy-producing nations in this hemisphere must be working more closely together to pursue hemisphere-acquired, energy self-reliance and that suggests assisting non-energy producing nations including 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. Nevertheless, I remain concerned about the growing security obstacles in the region from global criminal organizations that look for 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 used considering that 2010 to resolve regional security problems, and given the Caribbean's tactical location to U.S. homeland, we need to keep thinking about methods to enhance CBSI and better work together with the local partners to manage borders, obstruct criminal groups 'ability to make use of permissive environments to their benefit. I am also concerned about individuals from the Caribbean that have joined Islamic extremist organizations. Southern Command, General Kelly, affirmed prior to Congress that near 100 people had actually left the Caribbean to go fight in Syria. At a subsequent briefing, he specifically called Jamaica, Siriname, and Trinidad and Tobago as having had individuals leave for the battlefield. These risks to the United States and regional security ought to motivate all of us; offer us all a greater willingness to do more to enhance security cooperation. Furthermore, I wish to point out at a previous subcommittee hearing on border security dangers in the region, I raised concerns concerning reports that I had seen about resident by financial investment programs in the Caribbean which have actually enabled fraud, corruption, and exploitation by foreign nationals.