Yearwood. Thank you, Mr. Meeks. Thank you for your leadership on Caribbean problems. I am going to tackle two problems here primarily, and I will leave my associates to attend to some of the others. I think one of the crucial concerns that the Caribbean has is competitiveness. And I believe to make much better usage of U.S.- Caribbean trade contracts a lot of the competitive problems require to be dealt with - The trend in campaign finance law over time has been toward which the following?. I mentioned in my testimony that the IDP they are doing a lot of work on trade facilitation. That is going to be essential to getting the Caribbean more able to type of have single windows, reduce the expenses of transport, and minimize the expense of clearance in moving products.
Problems such as taking a trip from one Caribbean island to the other can be more expensive than going to Miami and then going back down. So there are a lot of problems that the Caribbean needs to deal with in order to become a more competitive location to do company and to trade more successfully. I didn't desire to, nevertheless, not seize the day to say something about Haiti. I did live there for 13 years and I do follow what is going on there very closely. And I believe it is extremely vital that the HOPE expense not just go to 2020, however go-- there needs to be some sustainability to what is going to be successful the HOPE costs following 2020.
Parliament is shaky to say the least, kind of an interim President that may or might not constitutional. I am not a Haitian constitutional expert, but I have questions. However at this point in time, what Haiti needs more than anything else as soon as this specific point of political trouble is conquered, Haiti is going to require sustainability and stability to its relationship for trade and financial investment with the United States. So I believe that is an important problem that the Congress needs to keep its eye on. Thank you. Mr. Meeks. Yes, sir. Mr. Farnsworth. If I might simply reinforce what Sally simply said, the concern of competitiveness is genuine and we deal with the organization neighborhood all the time.
Therefore there needs to be in my view a particular attention to investment climate issues. Energy belongs to that. It is definitely not the only element. I believe we also need to know unintended effects. And you have actually done some actually great Take a look at the site here obviously on the trade agenda, Mr. Meeks. Plainly the TPP is something that Council of the Americas supports. We appreciate your management and others of the subcommittee on that. However there are perhaps some unintentional repercussions. And for instance, when the North American Open Market Contract was very first passed one of the strongest supporters for something that became referred to as NAFTA Parity was Ambassador Richard Bernal of Jamaica who came into the U.S.
It is a good idea, but we wish to ensure that Jamaica and the other Caribbean countries are not negatively affected by the trade and financial investment diversion that might go to Mexico as an outcome of NAFTA. I think that was an extremely essential point then and it is an extremely essential point now. And to the degree that TPP goes forward, and once again I hope that it does. I highly support it and we https://postheaven.net/zardia4br2/and-courses-which-can-help-prospective-candidates-other-financial-documents hope that it is a near term issue. Nevertheless, with some new entrants into textiles, for instance, and farming that are extremely competitive in the worldwide environment that will impact nations in the Caribbean Basin.
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taxpayer help to which we support, but once again the concern is among trade and investment diversion. We have to be cautious that doing the "best thing" with other economies we are not negatively affecting some economies which are currently stressed. Therefore what is the response here? I believe the answer is to return to the initial concept in some method of NAFTA Parity just this is TPP parity, right? If Haiti, for example, is reliant on the fabrics trade with the United States, we I think need to ensure that whatever we carry out in TPP doesn't unnecessarily weaken that or doesn't create problems in a manner that would remove a few of those advantages that Congress has worked so hard throughout the years to establish.
So my point is that if we take a look at these in a more detailed method, in a manner that where you have a lot of different, combination of different strands, then I think we will come to a better place. Therefore as we are looking at these concerns strategically, I simply quite support the manner in which you are putting this in the context of it is not just this issue or that problem or another problem, it is all of these together and how can we move forward in a thorough integrated way in assistance of the Caribbean, and I think that is what we need to keep primary in mind.
Bernal. Let me start by thanking you, Congressman Meeks, for your constant management on Caribbean concerns. In response to the problem that you raise, I think that the onus is not just on the U.S (What does ltm mean in finance). but is on the Caribbean. We in the Caribbean need to do some things to make it easier for business to run and to end up being globally competitive. I stay persuaded that if we develop the best kind time share websites of environment between the U.S. and the Caribbean that there is private sector initiative on financial investment and there are chances, really real opportunities which can happen by combining Caribbean and U.S.