[House Hearing, 114 Congress] [From the U - Trade credit may be used to finance a major part of a firm's working capital when.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 the use of the Committee on Foreign Affairs [GRAPHIC( S) NOT AVAILABLE IN TIFF FORMAT] Available by means of the World Wide Web: http://www. foreignaffairs.house. gov/ or http://www. gpo.gov/ fdsys/ _ U.S. GOVERNMENT PUBLISHING WORKPLACE https://elliottawsm344.skyrock.com/3348835432-The-Buzz-on-Which-Of-These-Best-Fits-The-Definition-Of-Interest-As-It.html 20-749PDF WASHINGTON: 2016 ----------------------------------------------------------------------- For sale by the Superintendent of Files, U.S. Federal Government Publishing Workplace 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 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 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. How to finance building a home. RIBBLE, Wisconsin DAVID A. TROTT, Michigan LEE M. ZELDIN, New York DANIEL DONOVAN, New York City Amy Porter, Chief of Personnel Thomas Sheehy, Staff Director Jason Steinbaum, Democratic Personnel Director ------ Subcommittee on the Western Hemisphere JEFF DUNCAN, South Click here for more 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 global 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 declaration ... ... ... ...... 13 His Excellency Richard Bernal: Prepared declaration ... ...... 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 come to order.
I would now like to acknowledge myself for an opening declaration. Thank you, guys, for your persistence. Today, we require to highlight a very crucial region in our hemisphere that regrettably often gets neglected. Numerous of our Caribbean pals have consistently urged the United States to pay more attention to the Caribbean, and I want you to understand 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 concentrate on the Caribbean. However, while these are definitely crucial strengths for the region, the Caribbean has a lot more to offer which U.S. companies, universities, and regional.
communities must consider when planning future investment, academic research study, or where to establish stronger economic ties. Among the main tools of U.S. engagement with CARICOM countries is the Caribbean Basin Initiative, or CBI, which was produced in 1983. Can we turn that noise down a little bit, sir? Can we turn that down just a little bit? Okay. Which was created in 1983 and has subsequently broadened to supply 17 countries and dependent territories with duty-free access to U.S. This engagement has actually resulted in a 44-percent boost in U.S. exports to the Caribbean over the previous ten years, and in 2015 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 work with our next-door neighbors to equally promote economic growth through trade liberalization, regard for the rule of law, and adherence to totally free market concepts in order to achieve 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 advocate of deeper U.S.-Caribbean energy relations. To me it is a win-win scenario. U.S. possesses an abundance of oil, gas, and technical knowledge, and the Caribbean has some of the highest energy expenses in the world and needs to decrease these expenses by developing facilities for delivering energy, integrating energy markets to draw in financial investment and funding, and develop pipelines and liquified natural gas structures. After all, the United States is the largest energy manufacturer in the Western Hemisphere; jointly with Mexico and Canada, The United States and Canada represents 71 percent of the hemisphere.
's crude oil and 28 percent of gas reserves in the hemisphere. Similarly, Argentina, Brazil, Colombia, time share business Peru, and Trinidad and Tobago have considerable oil and natural gas production. In my view, freedom-loving, market-friendly, energy-producing nations in this hemisphere need to be working more carefully together to pursue hemisphere-acquired, energy independence and that suggests helping 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 method to changing our societies and security and independence and our financial development. and CARICOM. However, I remain concerned about the growing security challenges in the region from transnational criminal organizations 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 used since 2010 to resolve local security problems, and given the Caribbean's tactical location to U.S. homeland, we need to keep thinking about methods to enhance CBSI and better cooperate with the local partners to manage borders, obstruct criminal groups 'ability to exploit permissive environments to their advantage. I am likewise concerned about individuals from the Caribbean that have actually signed up with Islamic extremist companies. Southern Command, General Kelly, testified prior to Congress that near to 100 individuals had actually left the Caribbean to go fight in Syria. At a subsequent briefing, he particularly named Jamaica, Siriname, and Trinidad and Tobago as having had people leave for the battleground. These hazards to the United States and regional security should motivate all of us; provide 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 hazards in the area, I raised concerns relating to reports that I had actually seen about citizen by investment programs in the Caribbean which have enabled scams, corruption, and exploitation by foreign nationals.