[Home Hearing, 114 Congress] [From the U - Which one of the following occupations best fits into the corporate area of finance?.S. Government Publishing Office] THE STRATEGIC IMPORTANCE OF STRUCTURE A STRONGER U.S.-- CARIBBEAN PARTNERSHIP ======================================================================= HEARING PRIOR TO 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] Readily available through the World Wide Web: 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 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 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. How many years can you finance a boat. RIBBLE, Wisconsin DAVID A. TROTT, Michigan LEE M. ZELDIN, New York DANIEL DONOVAN, New York Amy Porter, Chief of Personnel Thomas Sheehy, Staff 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 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, DECLARATIONS, AND SO ON, 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 TACTICAL SIGNIFICANCE OF BUILDING A STRONGER U.S.-- CARIBBEAN COLLABORATION ---------- 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 pertain to order.
I would now like to acknowledge myself for an opening statement. Thank you, men, for your persistence. Today, we require to highlight an extremely crucial region in our hemisphere that regrettably frequently gets ignored. Much of our Caribbean buddies have actually repeatedly urged 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 particular for his leadership in working to prioritize this subcommittee's concentrate on the Caribbean. However, while these are definitely essential strengths for the region, the Caribbean has much more to provide which U.S. services, universities, and local.
neighborhoods ought to think about when planning future financial investment, scholastic research study, or where to develop more powerful economic ties. One of the primary tools of U.S. engagement with CARICOM nations is the Caribbean Basin Effort, or CBI, which was created in 1983. Can we turn that noise down a little bit, sir? Can we turn that down simply a bit? Okay. Which was created in 1983 and has actually subsequently broadened to offer 17 nations and reliant territories with duty-free access to U.S. This engagement has caused a 44-percent increase in U.S. exports to the Caribbean over the past 10 years, and in 2015 the overall trade relationship in between the U.S.
Facts About When Looking To Finance Higher Education, What Is The Best Order To Look For Funding Sources? A Uncovered
and the Caribbean was $33. 4 billion. https://www.storeboard.com/blogs/general/the-greatest-guide-to-accounting-vs-finance-which-is-harder/5403236 I think it is important to work with our next-door neighbors to equally promote financial growth through trade liberalization, respect for the rule of law, and adherence to free enterprise concepts in order to attain success that is sustainable for the region. What was the reconstruction finance corporation. In addition, I am a company fan of 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 knowledge, and the Caribbean has a few of the highest energy expenses on the planet and requires to decrease these expenses by building facilities for providing energy, incorporating energy markets to bring in financial investment and funding, and establish pipelines and liquified gas structures. After all, the United States is the largest energy manufacturer in the Western Hemisphere; jointly with Mexico and Canada, The United States and Canada accounts for 71 percent of the hemisphere.
's unrefined oil 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 ought to be working more closely together to pursue hemisphere-acquired, energy self-reliance and that indicates helping non-energy producing nations including the Caribbean next-door 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 wesley financial group timeshare cancellation cost self-reliance and our financial development. and CARICOM. Nevertheless, I remain worried about the growing security difficulties in the area from multinational criminal companies that seek to utilize the area to deliver drugs, migrants, and contraband to United States shores. The Caribbean Basin.
Security Initiative is another tool the United States has used since 2010 to attend to regional security problems, and provided the Caribbean's strategic location to U.S. homeland, we need to keep thinking about methods to improve CBSI and better work together with the regional partners to control borders, obstruct criminal groups 'capability to make use of liberal environments to their advantage. I am likewise concerned about individuals from the Caribbean that have joined Islamic extremist companies. Southern Command, General Kelly, affirmed before Congress that close to 100 individuals had left the Caribbean to go battle in Syria. At a subsequent briefing, he particularly named Jamaica, Siriname, and Trinidad and Tobago as having had people leave for the battlefield. These dangers to the United vacation ownership interest States and regional security need to motivate all of us; give us all a greater willingness to do more to strengthen security cooperation. Additionally, I wish to explain at a previous subcommittee hearing on border security dangers in the region, I raised issues regarding reports that I had actually seen about person by investment programs in the Caribbean which have actually allowed fraud, corruption, and exploitation by foreign nationals.