[Home Hearing, 114 Congress] [From the U - What happened to household finance corporation.S. Government Publishing Workplace] THE STRATEGIC SIGNIFICANCE OF STRUCTURE A STRONGER U.S.-- CARIBBEAN COLLABORATION ======================================================================= HEARING BEFORE 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 the usage of the Committee on Foreign Affairs [GRAPHIC( S) NOT OFFERED IN TIFF FORMAT] Offered through 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 Documents, 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, 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 Learn more 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. How to finance an engagement ring. 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 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 statement ... ... ... ...... 13 His Excellency Richard Bernal: Prepared declaration ... ...... 26 APPENDIX Hearing notification ... ... ... ... ... ... ... ... ...... 40 Hearing minutes ... ... ... ... ... ... ... ... ... ... 41 THE TACTICAL IMPORTANCE OF STRUCTURE 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 concern order.
I would now like to acknowledge myself for an opening statement. Thank you, guys, for your persistence. Today, we require to highlight a really essential region in our hemisphere that unfortunately typically gets overlooked. A lot of our Caribbean pals have actually repeatedly advised the United timeshare refuge 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 concentrate on the Caribbean. However, while these are certainly essential strengths for the area, the Caribbean has far more to offer which U.S. services, universities, and regional.
communities should think about when preparing future financial investment, scholastic research study, or where to develop more powerful financial ties. Among the primary 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 just a little bit? Okay. Which was created in 1983 and has consequently expanded to offer 17 countries and dependent territories with duty-free access to U.S. This engagement has resulted in a 44-percent boost in U.S. exports to the Caribbean over the past ten 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 think it is vital to deal with our neighbors to equally 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. How to become a finance manager at a car dealership. In addition, I am a company advocate of much deeper U.S.-Caribbean energy relations. To me it is a win-win circumstance. U.S. possesses an abundance of oil, natural gas, and technical competence, and the Caribbean has some of the highest energy costs on the planet and needs to reduce these costs by constructing facilities for delivering energy, integrating energy markets to attract investment and financing, 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 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 gas production. In my view, freedom-loving, market-friendly, energy-producing nations in this hemisphere should be working more carefully together to pursue hemisphere-acquired, energy self-reliance which means assisting non-energy producing countries consisting of the Caribbean next-door neighbors in reaching this objective. 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 development. and CARICOM. Nevertheless, I http://caidenekww959.almoheet-travel.com/the-9-minute-rule-for-how-to-cite-yahoo-finance-apa stay concerned about the growing security obstacles in the region from transnational criminal companies that seek to use the region to deliver drugs, migrants, and contraband to United States coasts. The Caribbean Basin.
Security Initiative is another tool the United States has utilized since 2010 to attend to regional security problems, and offered the Caribbean's tactical place to U.S. homeland, we need to keep considering ways to enhance CBSI and more effectively cooperate with the regional partners to control borders, block criminal groups 'ability to make use of liberal environments to their benefit. I am likewise worried about individuals from the Caribbean that have joined Islamic extremist organizations. Southern Command, General Kelly, affirmed before Congress that near to 100 people had actually left the Caribbean to go battle in Syria. At a subsequent rundown, he particularly named Jamaica, Siriname, and Trinidad and Tobago as having had people leave for the battlefield. These risks to the United States and regional security must motivate everyone; provide all of us a greater desire to do more to reinforce security cooperation. Furthermore, I wish to explain at a previous subcommittee hearing on border security risks in the region, I raised concerns relating to reports that I had actually seen about person by financial investment programs in the Caribbean which have enabled fraud, corruption, and exploitation by foreign nationals.