[Home Hearing, 114 Congress] [From the U - What is a consumer finance account.S. Federal Government Publishing Workplace] THE STRATEGIC SIGNIFICANCE 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 Internet: 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 Workplace Web: bookstore.
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 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. What is a future in 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, chuck wesley 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 worldwide affairs, University of the West Indies in Jamaica ... ... ... 24 LETTERS, DECLARATIONS, AND SO 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 STRATEGIC IMPORTANCE OF STRUCTURE A STRONGER U.S.-- CARIBBEAN PARTNERSHIP ---------- THURSDAY, JULY 14, 2016 Home 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 existing, the subcommittee will come to order.
I would now like to acknowledge myself for an opening declaration. Thank you, people, for your perseverance. Today, we need to highlight an extremely crucial region in our hemisphere that sadly frequently gets overlooked. A lot of our Caribbean friends have consistently 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 likewise like to thank Ranking Member Sires in specific for his leadership in working to prioritize this subcommittee's concentrate on the Caribbean. Nevertheless, while these are certainly important strengths for the area, the Caribbean has much more to provide which U.S. companies, universities, and local.
communities need to think about when planning future investment, scholastic research study, or where to develop more powerful economic ties. Among the wesley financial group cost main tools of U.S. engagement with CARICOM countries is the Caribbean Basin Effort, or CBI, which was created in 1983. Can we turn that sound down a little bit, sir? Can we turn that down simply a little bit? Okay. Which was developed in 1983 and has subsequently broadened to offer 17 nations and reliant territories with duty-free access to U.S. This engagement has actually resulted in a 44-percent boost in U.S. exports to the Caribbean over the previous 10 years, and last year the total trade relationship between the U.S.
The 8-Second Trick For Which Results Are More Likely For Someone Without Personal Finance Skills? Select Three Options.
and the Caribbean was $33. 4 billion. I believe it is crucial to work with our neighbors to mutually promote economic development through trade http://israelkdub666.iamarrows.com/the-best-guide-to-which-of-these-best-fits-the-definition-of-interest-as-it-applies-to-finance liberalization, respect for the guideline of law, and adherence to totally free market concepts in order to achieve prosperity that is sustainable for the region. What is a consumer finance company. 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, gas, and technical proficiency, and the Caribbean has some of the greatest energy expenses worldwide and needs to lower these costs by building facilities for delivering energy, integrating energy markets to bring in investment and funding, and establish pipelines and liquified natural gas frameworks. After all, the United States is the largest energy producer in the Western Hemisphere; collectively with Mexico and Canada, North America 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 countries in this hemisphere should be working more closely together to pursue hemisphere-acquired, energy independence which means helping non-energy producing nations consisting of the Caribbean neighbors in reaching this goal. Ultimately, if the Western Hemisphere were more energy independent it would go a long way to transforming our societies and security and self-reliance and our financial growth. and CARICOM. However, I remain worried about the growing security difficulties in the region from transnational criminal companies 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 address local security concerns, and given the Caribbean's tactical location to U.S. homeland, we need to keep thinking about ways to improve CBSI and more effectively cooperate with the regional partners to manage borders, obstruct criminal groups 'capability to exploit permissive environments to their advantage. I am likewise worried about the people 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 battle in Syria. At a subsequent instruction, he specifically named Jamaica, Siriname, and Trinidad and Tobago as having had people leave for the battleground. These risks to the United States and regional security need to encourage all of us; provide all of us a greater desire to do more to strengthen security cooperation. Moreover, I want to explain at a previous subcommittee hearing on border security risks in the area, I raised issues concerning reports that I had actually seen about resident by financial investment programs in the Caribbean which have actually made it possible for fraud, corruption, and exploitation by foreign nationals.