[Home Hearing, 114 Congress] [From the U - Which of the following can be described as involving direct finance?.S. Federal Government Publishing Workplace] THE STRATEGIC SIGNIFICANCE OF STRUCTURE A STRONGER U.S.-- CARIBBEAN PARTNERSHIP ======================================================================= HEARING PRIOR TO THE SUBCOMMITTEE ON THE WESTERN HEMISPHERE OF THE COMMITTEE ON FOREIGN AFFAIRS HOME OF REPRESENTATIVES ONE HUNDRED FOURTEENTH CONGRESS SECOND More help SESSION JULY 14, 2016 Serial No. 114-189 Printed for the use of the Committee on Foreign Affairs [GRAPHIC( S) NOT READILY AVAILABLE IN TIFF FORMAT] Offered 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 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 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 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 become a finance manager at a car dealership. RIBBLE, Wisconsin DAVID A. TROTT, Michigan LEE M. ZELDIN, New York City DANIEL DONOVAN, New York City Amy Porter, Chief of Personnel 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 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 worldwide affairs, University of the West Indies in Jamaica ... ... ... 24 LETTERS, STATEMENTS, AND SO ON, 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 TACTICAL VALUE 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 )administering. Mr. Duncan. Okay. A quorum existing, the subcommittee will concern order.
I would now like to acknowledge myself for an opening declaration. Thank you, men, for your perseverance. Today, we need to highlight a really important area in our hemisphere that sadly typically gets neglected. Many of our Caribbean buddies have consistently prompted the United States to pay more attention to the Caribbean, and I want you to understand that I have heard you. I would also like to thank Ranking Member Sires in particular for his management in working to prioritize this subcommittee's focus on the Caribbean. However, while these are certainly crucial strengths for the region, the Caribbean has much more to provide which U.S. businesses, universities, and local.
neighborhoods must think about when planning future financial investment, scholastic research, or where to establish stronger economic ties. Among the primary tools of U.S. engagement with CARICOM countries is the Caribbean Basin Initiative, or CBI, which was developed in 1983. Can we turn that sound down a little bit, sir? Can we turn that down just a little bit? Okay. Which was developed in 1983 and has subsequently expanded to offer 17 countries and reliant areas with duty-free access to U.S. This engagement has caused a 44-percent increase in U.S. exports to the Caribbean over the previous 10 years, and in 2015 the total trade relationship between the U.S.
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and the Caribbean was $33. 4 billion. I think it is important to deal with our neighbors to mutually promote economic growth through trade liberalization, regard for the rule of law, and adherence to free market principles in order to attain success that is sustainable for the region. 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 situation. U.S. has an abundance of oil, natural gas, time share vacation rentals and technical knowledge, and the Caribbean has a few of the greatest energy expenses in the world and requires to decrease these expenses by building facilities for delivering energy, integrating energy markets to draw in investment and funding, and develop pipelines and liquified natural gas structures. After all, the United States is the biggest energy manufacturer in the Western Hemisphere; jointly with Mexico and Canada, North America represents 71 percent of the hemisphere.
's unrefined oil and 28 percent of natural gas reserves in the hemisphere. Similarly, Argentina, Brazil, Colombia, 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 ought to be working more carefully together to pursue hemisphere-acquired, energy self-reliance and that means helping non-energy producing nations including the Caribbean neighbors in reaching this goal. Eventually, if the Western Hemisphere were more energy independent it would go a long method to transforming our societies and security and self-reliance and our financial development. and CARICOM. Nevertheless, I remain concerned about the growing security challenges in the area from multinational criminal companies that seek to utilize the region to deliver drugs, migrants, and contraband to United States coasts. The Caribbean Basin.
Security Effort is another tool the United States has actually used because 2010 to deal with regional security issues, and provided the Caribbean's strategic area to U.S. homeland, we need to keep considering ways to enhance CBSI and more efficiently cooperate with the local partners to control borders, block criminal groups 'ability to make use of liberal environments to their advantage. I am also concerned about individuals from the Caribbean that have signed up with Islamic extremist companies. Southern Command, General Kelly, affirmed prior to Congress that near 100 individuals had left the Caribbean to go fight in Syria. At a subsequent briefing, he specifically called Jamaica, Siriname, and Trinidad and Tobago as having had The original source individuals leave for the battlefield. These threats to the United States and local security must motivate all of us; give us all a greater desire to do more to reinforce security cooperation. Moreover, I wish to point out at a previous subcommittee hearing on border security threats in the region, I raised concerns regarding reports that I had actually seen about resident by investment programs in the Caribbean which have actually allowed scams, corruption, and exploitation by foreign nationals.