[House Hearing, 114 Congress] [From the U - What is internal rate of return in finance.S. Government Publishing Workplace] THE STRATEGIC VALUE OF BUILDING A STRONGER U.S.-- CARIBBEAN COLLABORATION ======================================================================= HEARING PRIOR TO THE SUBCOMMITTEE ON THE WESTERN HEMISPHERE OF THE COMMITTEE ON FOREIGN AFFAIRS HOUSE OF REPRESENTATIVES 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 World Wide Web: 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. Federal 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 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. What does finance a car mean. RIBBLE, Wisconsin DAVID A. TROTT, Michigan LEE M. ZELDIN, New York DANIEL DONOVAN, New York City Amy 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, DECLARATIONS, ETC., SUBMITTED FOR THE HEARING Mr. Eric Farnsworth: Prepared statement ... ... ... ...... 7 Ms. Sally Yearwood: Prepared statement ... ... ... ...... 13 His Excellency Richard Bernal: http://johnnyokwq487.fotosdefrases.com/what-time-does-security-finance-open-fundamentals-explained Prepared statement ... ...... 26 Visit this page APPENDIX Hearing notice ... ... ... ... ... ... ... ... ...... 40 Hearing minutes ... ... ... ... ... ... ... ... ... ... 41 THE STRATEGIC IMPORTANCE OF BUILDING A STRONGER U.S.-- CARIBBEAN PARTNERSHIP ---------- 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 existing, the subcommittee will concern order.
I would now like to acknowledge myself for an opening declaration. Thank you, people, for your patience. Today, we require to highlight an extremely essential region in our hemisphere that regrettably frequently gets overlooked. A lot of our Caribbean buddies have actually consistently urged the United States to pay more attention to the Caribbean, and I desire you to understand that I have actually heard you. I would also like to thank Ranking Member Sires in specific for his leadership in working to prioritize this subcommittee's concentrate on the Caribbean. Nevertheless, while these are definitely essential strengths for the region, the Caribbean has much more to offer which U.S. companies, universities, and local.
communities must consider when planning future investment, scholastic research study, or where to develop more powerful financial ties. Among 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 sound down a bit, sir? Can we turn that down simply a bit? Okay. Which was produced in 1983 and has subsequently expanded to provide 17 countries and dependent territories with duty-free access to U.S. This engagement has led to a 44-percent increase 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 critical to work with our next-door neighbors to equally promote economic development through trade liberalization, respect for the rule of law, and adherence to complimentary market concepts in order to accomplish prosperity that is sustainable for the area. The trend in campaign finance law over time has been toward which the following?. In addition, I am a company supporter of much deeper U.S.-Caribbean energy relations. To me it is a great deal. U.S. possesses an abundance of oil, gas, and technical know-how, and the Caribbean has a few of the highest energy expenses in the world and needs to lower these costs by constructing facilities for providing energy, integrating energy markets to bring in financial investment and financing, and develop pipelines and liquified gas structures. After all, the United States is the biggest energy manufacturer in the Western Hemisphere; jointly with Mexico and Canada, The United States and Canada accounts for 71 percent of the hemisphere.
's unrefined oil and 28 percent of gas reserves in the hemisphere. Likewise, Argentina, Brazil, Colombia, Peru, and Trinidad and Tobago have substantial 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 self-reliance and that implies assisting non-energy producing countries consisting of the Caribbean neighbors in reaching this objective. Ultimately, if the Western Hemisphere were more energy independent it would go a long method to changing our societies and security and independence and our financial growth. and CARICOM. However, I remain concerned about the growing security difficulties in the region from global criminal organizations that seek to utilize the region to ship 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 address regional security concerns, and given the Caribbean's strategic location to U.S. homeland, we require to keep thinking about ways to improve CBSI and better work together with the regional partners to control borders, block criminal groups 'capability to exploit liberal environments to their benefit. I am also worried about individuals from the Caribbean that have signed up with Islamic extremist companies. Southern Command, General Kelly, testified before Congress that near 100 people had actually left the Caribbean to go fight in Syria. At a subsequent instruction, he specifically named Jamaica, Siriname, and Trinidad and Tobago as having had people leave for the battleground. These dangers to the United States and local security ought to inspire everybody; offer all of us a greater desire to do more to enhance security cooperation. Additionally, I wish to point out at a previous subcommittee hearing on border security threats in the region, I raised concerns concerning reports that I had seen about person by investment programs in the Caribbean which have actually allowed fraud, corruption, and exploitation by foreign nationals.