[House Hearing, 114 Congress] [From the U - Which of these is the best description of personal finance.S. Federal Government Publishing Office] THE STRATEGIC SIGNIFICANCE OF BUILDING 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 the use of the Committee on Foreign Affairs [GRAPHIC( S) NOT AVAILABLE IN TIFF FORMAT] Readily available by means of the Web: 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 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. What was the reconstruction finance corporation. RIBBLE, Wisconsin DAVID A. TROTT, Michigan LEE M. ZELDIN, New York City DANIEL DONOVAN, New York Amy Porter, Chief of Staff 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 international affairs, University of the West Indies in Jamaica ... ... ... 24 LETTERS, DECLARATIONS, AND SO ON, SUBMITTED FOR THE HEARING Mr. Eric Farnsworth: Prepared statement ... ... ... ...... 7 Ms. Sally Yearwood: Prepared statement ... ... ... ...... 13 His Excellency Richard Bernal: Prepared declaration ... ...... 26 APPENDIX Hearing notification ... ... ... ... ... ... ... ... ...... 40 Hearing minutes ... ... ... ... ... ... ... ... ... ... 41 THE STRATEGIC IMPORTANCE 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 )presiding. Mr. Duncan. Okay. A quorum being present, the subcommittee will pertain to order.
I would now like to recognize myself for an opening statement. Thank you, people, for your patience. Today, we need to highlight a really essential area in our hemisphere that regrettably often gets neglected. A number of our Caribbean friends have actually repeatedly urged 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 timeshare cancellation industry thank Ranking Member Sires in particular for his management in working to prioritize this subcommittee's concentrate on the Caribbean. However, while these are certainly crucial strengths for the area, the Caribbean has a lot more to use which U.S. services, universities, and regional.
neighborhoods should consider when planning future investment, scholastic research, or where to establish stronger economic ties. One of the primary 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 bit, sir? Can we turn that down simply a bit? Okay. Which was developed in 1983 and has subsequently expanded to offer 17 countries and dependent territories with duty-free access to U.S. This engagement has caused a 44-percent boost in U.S. exports to the Caribbean over the past 10 years, and last year the overall trade relationship between the U.S.
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and the Caribbean was $33. 4 billion. I believe it is critical to work with our neighbors to mutually promote economic growth through trade liberalization, regard for the guideline of law, and adherence to totally worst timeshare companies free market principles in order to achieve prosperity that is sustainable for the region. How to finance an investment property. In addition, I am a company fan of much deeper U.S.-Caribbean energy relations. To me it is a great deal. U.S. has an abundance of oil, natural gas, and technical know-how, and the Caribbean has a few of the highest energy expenses in the world and needs to reduce these expenses by developing facilities for providing energy, incorporating energy markets to draw in investment and funding, and develop pipelines and liquified natural gas frameworks. After all, the United States is the biggest energy producer in the Western Hemisphere; jointly with Mexico and Canada, North America represents 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 significant oil and natural gas production. In my view, freedom-loving, market-friendly, energy-producing nations in this hemisphere must be working more closely together to pursue hemisphere-acquired, energy self-reliance and that implies assisting non-energy producing nations consisting of the Caribbean neighbors in reaching this goal. Ultimately, if the Western Hemisphere were more energy independent it would go a long method to transforming our societies and security and independence and our economic development. and CARICOM. Nevertheless, I stay concerned about the growing security obstacles in the area from transnational criminal organizations that seek to use the region to deliver drugs, migrants, and contraband to United States shores. The Caribbean Basin.
Security Effort is another tool the United States has used considering that 2010 to address local security issues, and provided the Caribbean's tactical location to U.S. homeland, we need to keep considering ways to enhance CBSI and better comply with the regional partners to control borders, obstruct criminal groups 'capability to exploit permissive environments to their advantage. I am likewise concerned about the people from the Caribbean that have joined Islamic extremist organizations. Southern Command, General Kelly, affirmed prior to Congress that near to 100 individuals 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 people leave for the battleground. These hazards to the United States and regional security must encourage everybody; offer us all a greater determination to do more to strengthen security cooperation. Moreover, I wish to point out at a previous subcommittee hearing on border security dangers in the area, I raised issues relating to reports that I had seen about person by investment programs in the Caribbean which have enabled fraud, corruption, and exploitation by foreign nationals.