[House Hearing, 114 Congress] [From the U - How to finance a home addition.S. Federal Government Publishing Workplace] THE STRATEGIC IMPORTANCE OF BUILDING 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 using the Committee on Foreign Affairs [GRAPHIC( S) NOT OFFERED IN TIFF FORMAT] Offered through the Internet: http://www. foreignaffairs.house. gov/ or http://www. gpo.gov/ fdsys/ _ U.S. FEDERAL GOVERNMENT PUBLISHING WORKPLACE 20-749PDF WASHINGTON: 2016 ----------------------------------------------------------------------- For sale by the Superintendent of Files, U.S. Federal Government Publishing Workplace Internet: 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 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 does ach stand for in finance. RIBBLE, Wisconsin DAVID A. TROTT, Michigan LEE M. ZELDIN, New York DANIEL DONOVAN, New York City 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 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 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 declaration ... ... ... ...... 13 His Excellency Richard Bernal: Prepared statement ... ...... 26 APPENDIX Hearing notification ... ... ... ... ... ... ... ... ...... 40 Hearing minutes ... ... ... ... ... ... ... ... ... ... 41 THE STRATEGIC IMPORTANCE 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. average timeshare maintenance fee Duncan. Okay. A quorum being present, the subcommittee will pertain to order.
I would now like to acknowledge myself for an opening statement. Thank you, people, for your perseverance. Today, we require to highlight a really essential region in our hemisphere that unfortunately often gets ignored. Numerous of our Caribbean friends have consistently prompted 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 concentrate on the Caribbean. Nevertheless, while these are certainly important strengths for the area, the Caribbean has far more to use which U.S. services, universities, and regional.
communities need to consider when preparing future financial investment, scholastic research study, or where to develop more powerful financial ties. One of the main tools of U.S. engagement with CARICOM countries is the Caribbean Basin Initiative, or CBI, which was developed in 1983. Can we turn that sound down a bit, sir? Can we turn that down simply a little bit? Okay. Which was produced in 1983 and has subsequently expanded to offer 17 nations and dependent areas with duty-free access wesley mcdowell 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 in 2015 the total trade relationship in between the U.S.
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and the Caribbean was $33. 4 billion. I think it is vital to work with our next-door neighbors to equally promote financial development through trade liberalization, regard for the rule of law, and adherence to free enterprise concepts in order to achieve prosperity that is sustainable for the region. How to finance building a home. In addition, I am a company advocate of much deeper U.S.-Caribbean energy relations. To me it is a great deal. U.S. has an abundance of oil, gas, and technical proficiency, and the Caribbean has a few of the greatest energy costs on the planet and requires to lower these costs by building infrastructure for providing energy, integrating energy markets to draw in financial investment and funding, and develop pipelines and liquified gas structures. After all, the United States is the largest energy producer in the Western Hemisphere; jointly with Mexico and Canada, The United States and Canada represents 71 percent of the hemisphere.
's unrefined oil and 28 percent of gas reserves in the hemisphere. Similarly, Argentina, Brazil, Colombia, Peru, and Trinidad and Tobago have substantial oil and 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 self-reliance which suggests helping non-energy producing nations 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 independence and our economic development. and CARICOM. However, I stay concerned about the growing security difficulties in the region from transnational criminal companies that look for to use the region to ship drugs, migrants, and contraband to United States shores. The Caribbean Basin.
Security Initiative is another tool https://codyiebd036.hpage.com/post3.html the United States has actually used since 2010 to resolve local security problems, and offered the Caribbean's tactical location to U.S. homeland, we require to keep considering ways to improve CBSI and better comply with the local partners to manage borders, obstruct criminal groups 'ability to exploit permissive environments to their advantage. I am likewise worried about individuals from the Caribbean that have actually signed up with Islamic extremist organizations. Southern Command, General Kelly, affirmed prior to Congress that close to 100 people had left the Caribbean to go battle in Syria. At a subsequent instruction, he particularly named Jamaica, Siriname, and Trinidad and Tobago as having had individuals leave for the battleground. These threats to the United States and regional security should motivate everyone; give us all a higher willingness to do more to enhance security cooperation. Furthermore, I want to mention at a previous subcommittee hearing on border security hazards in the region, I raised concerns regarding reports that I had actually seen about resident by investment programs in the Caribbean which have made it possible for fraud, corruption, and exploitation by foreign nationals.