[House Hearing, 114 Congress] [From the U - What happened to household finance corporation.S. Government Publishing Workplace] THE STRATEGIC VALUE OF BUILDING A STRONGER U.S.-- CARIBBEAN PARTNERSHIP ======================================================================= HEARING BEFORE 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 making use of the Committee on Foreign Affairs [GRAPHIC( S) NOT AVAILABLE IN TIFF FORMAT] Available via 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 Workplace Internet: book shop.
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, Informative post 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 does ach stand for in finance. RIBBLE, Wisconsin DAVID A. TROTT, Michigan LEE M. ZELDIN, New York City DANIEL DONOVAN, New York Amy Porter, Chief of Staff Thomas Sheehy, Personnel 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 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, ETC., 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 notice ... ... ... ... ... ... ... ... ...... 40 Hearing minutes ... ... ... ... ... ... ... ... ... ... 41 THE STRATEGIC SIGNIFICANCE OF STRUCTURE A STRONGER U.S.-- CARIBBEAN COLLABORATION ---------- THURSDAY, JULY 14, 2016 House of Representatives, Subcommittee on the Western Hemisphere, Committee on get more info Foreign Affairs, Washington, DC. Jeff Duncan (chairman of the subcommittee )presiding. Mr. Duncan. Okay. A quorum existing, the subcommittee will pertain to order.
I would now like to acknowledge myself for an opening declaration. Thank you, people, for your persistence. Today, we require to highlight a really important region in our hemisphere that sadly frequently gets neglected. Many of our Caribbean friends have consistently prompted the United States to pay more attention to the Caribbean, and I want you to understand that I have actually heard you. I would likewise like to thank Ranking Member Sires in particular for his leadership in working to prioritize this subcommittee's focus on the Caribbean. However, while these are certainly important strengths for the region, the Caribbean has far more to provide which U.S. companies, universities, and local.
communities ought to consider when preparing future investment, scholastic research study, or where to develop stronger financial ties. Among the main tools of U.S. engagement with CARICOM countries 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 just a little bit? Okay. Which was created in 1983 and has actually consequently broadened to offer 17 countries and reliant territories with duty-free access to U.S. This engagement has resulted in a 44-percent boost in U.S. exports to the Caribbean over the previous 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 crucial to deal with our neighbors to mutually promote economic growth through trade liberalization, respect for the guideline of law, and adherence to free market concepts in order to achieve success that is sustainable for the region. How to finance a car from a private seller. In addition, I chuck mcdowell wikipedia am a company supporter of much deeper U.S.-Caribbean energy relations. To me it is a win-win situation. U.S. has an abundance of oil, gas, and technical proficiency, and the Caribbean has some of the highest energy expenses worldwide and needs to lower these expenses by developing facilities for providing energy, incorporating energy markets to draw in investment and funding, and establish pipelines and liquified natural gas frameworks. After all, the United States is the biggest energy producer in the Western Hemisphere; collectively with Mexico and Canada, The United States and Canada represents 71 percent of the hemisphere.
's petroleum and 28 percent of natural gas reserves in the hemisphere. Likewise, Argentina, Brazil, Colombia, Peru, and Trinidad and Tobago have substantial 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 which indicates assisting non-energy producing nations including the Caribbean neighbors in reaching this goal. 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 growth. and CARICOM. Nevertheless, I stay worried about the growing security challenges in the area from global criminal companies that look for to use the area to ship drugs, migrants, and contraband to United States shores. The Caribbean Basin.
Security Effort is another tool the United States has actually utilized because 2010 to attend to local security issues, and offered the Caribbean's tactical area to U.S. homeland, we need to keep thinking about ways to enhance CBSI and more successfully comply with the regional partners to manage borders, block criminal groups 'capability to make use of permissive environments to their benefit. I am likewise concerned about individuals from the Caribbean that have signed up with Islamic extremist organizations. Southern Command, General Kelly, affirmed before Congress that near to 100 people had actually left the Caribbean to go fight in Syria. At a subsequent instruction, he particularly named Jamaica, Siriname, and Trinidad and Tobago as having had individuals leave for the battlefield. These risks to the United States and local security ought to inspire everybody; give us all a higher willingness to do more to strengthen security cooperation. Moreover, I wish to explain at a previous subcommittee hearing on border security threats in the area, I raised concerns concerning reports that I had seen about person by investment programs in the Caribbean which have actually allowed scams, corruption, and exploitation by foreign nationals.