[House Hearing, 114 Congress] [From the U - What is a finance charge on a credit card.S. Government Publishing Office] THE STRATEGIC IMPORTANCE OF STRUCTURE A STRONGER U.S.-- CARIBBEAN COLLABORATION ======================================================================= HEARING PRIOR TO THE SUBCOMMITTEE ON THE WESTERN HEMISPHERE OF THE COMMITTEE ON FOREIGN AFFAIRS LEGISLATURE 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 by means of 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. Federal Government Publishing Office 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 https://pbase.com/topics/reidda4dvo/cvdmyqq744 DARRELL E. More helpful hints 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 finance a car mean. RIBBLE, Wisconsin DAVID A. TROTT, Michigan LEE M. ZELDIN, New York DANIEL DONOVAN, New York Amy Porter, Chief of Staff Thomas Sheehy, Staff Director Jason Steinbaum, Democratic Personnel 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 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 statement ... ...... 26 APPENDIX Hearing notice ... ... ... ... ... ... ... ... ...... 40 Hearing minutes ... ... ... ... ... ... ... ... ... ... 41 THE STRATEGIC IMPORTANCE OF STRUCTURE A STRONGER U.S.-- CARIBBEAN PARTNERSHIP ---------- THURSDAY, JULY 14, 2016 House of Representatives, Subcommittee on the Find more info 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 require to highlight a very crucial region in our hemisphere that unfortunately often gets neglected. A number of our Caribbean friends have repeatedly urged the United States to pay more attention to the Caribbean, and I desire you to know that I have actually heard you. I would also like to thank Ranking Member Sires in particular for his management in working to prioritize this subcommittee's concentrate on the Caribbean. Nevertheless, while these are certainly crucial strengths for the region, the Caribbean has far more to provide which U.S. businesses, universities, and local.
neighborhoods need to consider when planning future financial investment, academic research, or where to establish stronger economic ties. Among the main tools of U.S. engagement with CARICOM nations is the Caribbean Basin Effort, or CBI, which was developed in 1983. Can we turn that noise down a little bit, sir? Can we turn that down simply a little bit? Okay. Which was produced in 1983 and has actually consequently expanded to supply 17 countries and dependent areas with duty-free access to U.S. This engagement has actually led to a 44-percent boost in U.S. exports to the Caribbean over the past ten years, and last year the total trade relationship between the U.S.
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and the Caribbean was $33. 4 billion. I believe it is important to work with our next-door neighbors to mutually promote financial development through trade liberalization, respect for the guideline of law, and adherence to free market concepts in order to accomplish success that is sustainable for the area. How to become a finance manager at a car dealership. In addition, I am a company fan of deeper U.S.-Caribbean energy relations. To me it is a win-win circumstance. U.S. has an abundance of oil, natural gas, and technical knowledge, and the Caribbean has a few of the highest energy expenses worldwide and needs to decrease these costs by developing facilities for delivering energy, incorporating energy markets to draw in financial investment and financing, and establish pipelines and liquified natural 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 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 need to be working more carefully together to pursue hemisphere-acquired, energy independence and that suggests helping non-energy producing countries consisting of the Caribbean neighbors in reaching this objective. Ultimately, if the Western Hemisphere were more energy independent it would go a long method to changing our societies and security and self-reliance and our economic development. and CARICOM. However, I stay worried about the growing security difficulties in the area from transnational criminal organizations that seek to utilize the region to ship drugs, migrants, and contraband to United States coasts. The Caribbean Basin.
Security Initiative is another tool the United States has utilized since 2010 to address local security problems, and given the Caribbean's strategic area to U.S. homeland, we need to keep considering methods to enhance CBSI and better work together with the regional partners to manage borders, obstruct criminal groups 'ability to make use of permissive environments to their advantage. I am likewise worried about individuals from the Caribbean that have joined Islamic extremist companies. 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 instruction, he particularly named Jamaica, Siriname, and Trinidad and Tobago as having had people leave for the battlefield. These threats to the United States and regional security need to inspire everyone; give us all a higher determination to do more to enhance security cooperation. Furthermore, I wish to explain at a previous subcommittee hearing on border security risks in the area, I raised issues regarding 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.