[House Hearing, 114 Congress] [From the U - What happened to yahoo finance portfolios.S. Federal Government Publishing Office] THE STRATEGIC IMPORTANCE OF BUILDING A STRONGER U.S.-- CARIBBEAN PARTNERSHIP ======================================================================= HEARING BEFORE 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 making use of the Committee on Foreign Affairs [GRAPHIC( S) NOT OFFERED IN TIFF FORMAT] Offered via the Internet: 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 Workplace 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. How to finance a private car sale. RIBBLE, Wisconsin DAVID A. TROTT, Michigan LEE M. ZELDIN, New York City DANIEL DONOVAN, New York Amy Porter, Chief of Staff Website link Thomas Sheehy, Staff 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 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 global affairs, University of the West Indies in Jamaica ... ... ... 24 LETTERS, STATEMENTS, ETC., 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 TACTICAL IMPORTANCE OF BUILDING A STRONGER U.S.-- CARIBBEAN COLLABORATION ---------- 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, men, for your perseverance. Today, we need to highlight a very crucial area in our hemisphere that unfortunately often gets neglected. A number of our Caribbean pals have consistently advised the United States to pay more attention to the Caribbean, and I want you to know that I have heard you. I would also like to how to not inherit timeshare contract thank Ranking Member Sires in particular for his management in working to prioritize this subcommittee's focus on the Caribbean. Nevertheless, while these are certainly essential strengths for the area, the Caribbean has a lot more to use which U.S. services, universities, and regional.
neighborhoods ought to think about when preparing future investment, academic research, or where to establish stronger financial ties. Among the primary tools of the wesley group U.S. engagement with CARICOM nations is the Caribbean Basin Initiative, or CBI, which was created in 1983. Can we turn that sound down a bit, sir? Can we turn that down simply a bit? Okay. Which was produced 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 increase in U.S. exports to the Caribbean over the past ten years, and last year the overall trade relationship between the U.S.
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and the Caribbean was $33. 4 billion. I think it is critical to deal with our neighbors to mutually promote economic development through trade liberalization, respect for the guideline of law, and adherence to free enterprise concepts in order to achieve success that is sustainable for the area. How many years can you finance a boat. In addition, I am a firm fan of much deeper U.S.-Caribbean energy relations. To me it is a win-win scenario. U.S. possesses an abundance of oil, natural gas, and technical expertise, and the Caribbean has some of the highest energy expenses worldwide and requires to decrease these expenses by building infrastructure for delivering energy, integrating energy markets to attract financial investment and financing, and develop pipelines and liquified gas structures. After all, the United States is the biggest energy producer in the Western Hemisphere; jointly with Mexico and Canada, The United States and Canada 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 countries in this hemisphere need to be working more closely together to pursue hemisphere-acquired, energy independence and that 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 method to changing our societies and security and independence and our economic development. and CARICOM. However, I stay concerned about the growing security challenges in the region from global criminal organizations that seek to use the area to deliver drugs, migrants, and contraband to United States shores. The Caribbean Basin.
Security Initiative is another tool the United States has actually used because 2010 to resolve local security problems, and offered the Caribbean's tactical location to U.S. homeland, we require to keep thinking about methods to improve CBSI and more effectively work together with the local partners to manage borders, block criminal groups 'capability to make use of liberal environments to their benefit. I am also worried about the people from the Caribbean that have actually joined Islamic extremist companies. Southern Command, General Kelly, testified before Congress that close to 100 people had left the Caribbean to go battle in Syria. At a subsequent rundown, he specifically called Jamaica, Siriname, and Trinidad and Tobago as having had people leave for the battlefield. These hazards to the United States and regional security need to inspire everyone; offer all of us a greater desire to do more to enhance security cooperation. Furthermore, I desire to mention at a previous subcommittee hearing on border security dangers in the region, I raised concerns relating to reports that I had actually seen about resident by investment programs in the Caribbean which have actually enabled scams, corruption, and exploitation by foreign nationals.