[Home Hearing, 114 Congress] [From the U - How to finance a house flip.S. Federal Government Publishing Workplace] THE STRATEGIC SIGNIFICANCE OF STRUCTURE A STRONGER U.S.-- CARIBBEAN COLLABORATION ======================================================================= 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 the usage of the Committee on Foreign Affairs [GRAPHIC( S) NOT AVAILABLE IN TIFF FORMAT] Readily available via the Internet: http://www. foreignaffairs.house. gov/ or http://www. gpo.gov/ fdsys/ _ U.S. GOVERNMENT PUBLISHING WORKPLACE 20-749PDF WASHINGTON: 2016 ----------------------------------------------------------------------- For sale by the Superintendent of Files, 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 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. Which of the following was eliminated as a result of 2002 campaign finance reforms?. 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 here 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 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, ETC., SUBMITTED FOR THE HEARING Mr. Eric Farnsworth: Prepared declaration ... ... ... ...... 7 Ms. Sally Yearwood: Prepared declaration ... ... ... ...... 13 His Excellency Richard Bernal: Prepared declaration ... ...... 26 APPENDIX Hearing notice ... ... ... ... ... ... ... ... what is a vacation club ...... 40 Hearing minutes ... ... ... ... ... ... ... ... ... ... 41 THE TACTICAL IMPORTANCE 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 )administering. Mr. Duncan. Okay. A quorum being present, the subcommittee will come to order.
I would now like to acknowledge myself for an opening statement. Thank you, men, for your patience. Today, we need to highlight a very crucial region in our hemisphere that unfortunately often gets overlooked. A lot of our Caribbean buddies have consistently prompted the United States to pay more attention to the Caribbean, and I desire you to know that I have actually heard you. I would also like to thank Ranking Member Sires in specific for his management in working to prioritize this subcommittee's focus on the Caribbean. However, while these are certainly essential strengths for the area, the Caribbean has much more to provide which U.S. organizations, universities, and regional.
communities should think about when preparing future financial investment, scholastic research, or where to establish stronger financial ties. Among the main 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 bit, sir? Can we turn that Click for source down just a bit? Okay. Which was created in 1983 and has subsequently broadened to supply 17 nations and dependent territories with duty-free access to U.S. This engagement has actually caused a 44-percent boost in U.S. exports to the Caribbean over the past ten years, and last year the total trade relationship between the U.S.
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and the Caribbean was $33. 4 billion. I believe it is vital to deal with our next-door neighbors to equally promote financial development 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. Which of the following was eliminated as a result of 2002 campaign finance reforms?. 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 knowledge, and the Caribbean has a few of the greatest energy costs in the world and requires to lower these expenses by developing facilities for providing energy, incorporating energy markets to bring in investment and financing, and establish pipelines and liquified gas structures. After all, the United States is the largest energy producer in the Western Hemisphere; jointly with Mexico and Canada, North America accounts for 71 percent of the hemisphere.
's crude oil and 28 percent of natural 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 nations in this hemisphere ought to be working more carefully together to pursue hemisphere-acquired, energy self-reliance which indicates assisting non-energy producing countries including the Caribbean next-door neighbors in reaching this goal. Eventually, if the Western Hemisphere were more energy independent it would go a long way to transforming our societies and security and self-reliance and our economic growth. and CARICOM. However, I stay worried about the growing security difficulties in the region from multinational criminal companies that seek to use the area to ship drugs, migrants, and contraband to United States shores. The Caribbean Basin.
Security Initiative is another tool the United States has used given that 2010 to address local security problems, and given the Caribbean's tactical location to U.S. homeland, we require to keep thinking about methods to enhance CBSI and more successfully work together with the regional partners to control borders, obstruct criminal groups 'ability to exploit liberal environments to their advantage. I am likewise concerned about individuals from the Caribbean that have signed up with Islamic extremist organizations. Southern Command, General Kelly, affirmed prior to Congress that near 100 people had actually left the Caribbean to go fight in Syria. At a subsequent instruction, he specifically called Jamaica, Siriname, and Trinidad and Tobago as having had people leave for the battleground. These threats to the United States and regional security need to inspire everyone; provide all of us a greater desire to do more to reinforce security cooperation. Additionally, I desire to mention at a previous subcommittee hearing on border security threats in the area, I raised concerns relating to reports that I had seen about resident by investment programs in the Caribbean which have allowed fraud, corruption, and exploitation by foreign nationals.