[House Hearing, 114 Congress] [From the U - What do you need to finance a car.S. Government Publishing Workplace] THE STRATEGIC SIGNIFICANCE OF STRUCTURE A STRONGER U.S.-- CARIBBEAN PARTNERSHIP ======================================================================= 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 using the Committee on Foreign Affairs [GRAPHIC( S) NOT AVAILABLE IN TIFF FORMAT] Offered through the Web: http://www. foreignaffairs.house. gov/ or http://www. gpo.gov/ fdsys/ _ U.S. FEDERAL GOVERNMENT PUBLISHING OFFICE 20-749PDF WASHINGTON: 2016 ----------------------------------------------------------------------- For sale by the Superintendent of Files, U.S. Federal Government Publishing Office Web: 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 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 old of a car will a bank finance. RIBBLE, Wisconsin DAVID A. TROTT, Michigan LEE M. ZELDIN, New York City DANIEL DONOVAN, New York City Amy timeshare specialists reviews Porter, Chief of Staff Thomas Sheehy, Personnel 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 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, STATEMENTS, AND SO ON, SUBMITTED FOR THE HEARING Mr. Eric Farnsworth: Prepared declaration ... ... ... ...... 7 Ms. Sally Yearwood: Prepared statement ... ... ... ...... 13 His Excellency Richard Bernal: Prepared statement ... ...... 26 APPENDIX Hearing notification ... ... ... ... ... ... ... ... ...... 40 Hearing minutes ... ... ... ... ... ... ... ... ... ... 41 THE STRATEGIC VALUE OF STRUCTURE 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 )presiding. Mr. Duncan. Okay. A quorum being present, the subcommittee will pertain to order.
I would now like to acknowledge myself for an opening declaration. Thank you, people, for your perseverance. Today, we need to highlight a really essential region in our hemisphere that sadly typically gets ignored. A lot of our Caribbean buddies have actually consistently advised the United States to pay more attention to the Caribbean, and I desire you to understand that I have 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. Nevertheless, while these are certainly important strengths for the region, the Caribbean has much more to provide which U.S. companies, universities, and local.
communities must think about when planning future financial investment, scholastic research, or where to develop more powerful financial ties. One of the main tools of U.S. engagement with CARICOM countries is the Caribbean Basin Effort, or CBI, which was developed in 1983. Can we turn that sound down a little bit, sir? Can we turn that down simply a little bit? Okay. Which was created in 1983 and has actually consequently broadened to offer 17 countries and dependent territories with duty-free access to U.S. This engagement has caused a 44-percent http://eduardojgvo797.iamarrows.com/the-30-second-trick-for-what-can-the-federal-government-do-to-finance-a-deficit boost in U.S. exports to the Caribbean over the past 10 years, and last year the overall trade relationship in between the U.S.
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and the Caribbean was $33. 4 billion. I believe it is vital to work with our next-door neighbors to mutually promote financial growth through trade liberalization, regard for the rule of law, and adherence to free enterprise concepts in order to accomplish prosperity that is sustainable for the area. Accounting vs finance which is harder. In addition, I am a firm advocate of deeper U.S.-Caribbean energy relations. To me it is a win-win situation. U.S. has an abundance of oil, natural gas, and technical knowledge, and the Caribbean has some of the highest energy costs on the planet and requires to decrease these expenses by building infrastructure for delivering energy, incorporating energy markets to attract 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; collectively with Mexico and Canada, North America represents 71 percent of the hemisphere.
's petroleum and 28 percent of gas reserves in the hemisphere. Likewise, Argentina, Brazil, Colombia, Peru, and Trinidad and Tobago have considerable oil and gas production. In my view, freedom-loving, market-friendly, energy-producing countries Get more information in this hemisphere ought to be working more carefully together to pursue hemisphere-acquired, energy independence and that suggests 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 way 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 multinational criminal organizations that seek to use the region to deliver drugs, migrants, and contraband to United States coasts. The Caribbean Basin.
Security Effort is another tool the United States has actually used because 2010 to address local security problems, and given the Caribbean's strategic area to U.S. homeland, we require to keep thinking about ways to enhance CBSI and better work together with the local partners to manage borders, block criminal groups 'ability to make use of permissive environments to their benefit. I am likewise concerned about the individuals from the Caribbean that have actually joined Islamic extremist organizations. Southern Command, General Kelly, affirmed before Congress that near to 100 individuals had actually left the Caribbean to go battle in Syria. At a subsequent instruction, he specifically called Jamaica, Siriname, and Trinidad and Tobago as having had people leave for the battleground. These hazards to the United States and local security should motivate everyone; offer us all a greater desire to do more to enhance security cooperation. Moreover, I want to mention at a previous subcommittee hearing on border security hazards in the region, I raised issues regarding reports that I had seen about resident by financial investment programs in the Caribbean which have actually made it possible for fraud, corruption, and exploitation by foreign nationals.