Yearwood. Thank you, Mr. Meeks. Thank timeshare lawyers you for your leadership on Caribbean concerns. I am going to tackle 2 issues here primarily, and I will leave my colleagues to address a few of the others. I believe one of the essential concerns that the Caribbean has is competitiveness. And I believe to make much better usage of U.S.- Caribbean trade agreements a lot of the competitive problems need to be dealt with - What is a cd in finance. I discussed in my testimony that the IDP they are doing a great deal of deal with trade facilitation. That is going to be necessary to getting the Caribbean more able to type of have single windows, decrease the expenses of transportation, and decrease the cost of clearance in moving products.
Issues such as taking a trip from one Caribbean island to the other can be more expensive than going to Miami and after that going back down. So there are a great deal of issues that the Caribbean requires to tackle in order to end up being a more competitive place to do service and to trade better. I didn't wish to, nevertheless, not take the chance to say something about Haiti. I did live there for 13 years and I do follow what is going on there really carefully. And I think it is very important that the HOPE bill not simply go to 2020, but go-- there has to be some sustainability to what is going to prosper the HOPE expense following 2020.
Parliament is shaky to say the least, kind of an interim President that might or may not constitutional. I am not a Haitian constitutional expert, however I have questions. However at this moment in time, what Haiti requires more than anything else once this specific point of political problem is overcome, Haiti is going to require sustainability and stability to its relationship for trade and financial investment with the United States. So I think that is a crucial issue that the Congress needs to keep its eye on. Thank you. Mr. Meeks. Yes, sir. Mr. Farnsworth. If I could just strengthen what Sally just stated, the concern of competitiveness is real and we handle the business community all the time.
And so there has to be in my view a singular attention to investment environment problems. Energy is part of that. It is definitely not the only aspect. I think we also need to be conscious of unintended effects. And you have done some truly excellent work certainly on the trade program, Mr. Meeks. Clearly the TPP is something that Council of the Americas supports. We value your leadership and others of the subcommittee on that. However there are maybe https://postheaven.net/reward25up/and-courses-which-can-help-potential-prospects-other-monetary-paperwork some unintentional effects. And for example, when the North American Open Market Contract was very first passed among the greatest advocates for something that ended up being understood as NAFTA Parity was Ambassador Richard Bernal of Jamaica who entered into the U.S.
It is a good thing, but we desire to make sure that Jamaica and the other Caribbean countries are not negatively affected by the trade and investment diversion that what is timeshare may go to Mexico as an outcome of NAFTA. I believe that was a really important point then and it is a very important point now. And to the level that TPP moves forward, and once again I hope that it does. I highly support it and we hope that it is a near term problem. Nonetheless, with some new entrants into fabrics, for instance, and farming that are extremely competitive in the worldwide environment that will affect countries in the Caribbean Basin.
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taxpayer support to which we support, but once again the issue is one of trade and investment diversion. We have to be careful that doing the "right thing" with other economies we are not adversely impacting some economies which are already stressed. Therefore what is the response here? I believe the answer is to go back to the initial concept in some way of NAFTA Parity only this is TPP parity, right? If Haiti, for example, depends on the textiles trade with the United States, we I believe need to make sure that whatever we carry out in TPP doesn't needlessly weaken that or doesn't develop troubles in a manner that would remove a few of those advantages that Congress has actually worked so hard over the years to establish.
So my point is that if we look at these in a more comprehensive way, in such a way that where you have a great deal of various, combination of different strands, then I think we will pertain to a better place. Therefore as we are looking at these problems tactically, I just extremely much assistance the manner in which you are putting this in the context of it is not simply this concern or that problem or another concern, it is all of these together and how can we move on in a comprehensive integrated way in support of the Caribbean, and I think that is what we have to keep primary in mind.
Bernal. Let me begin by thanking you, Congressman Meeks, for your constant management on Caribbean problems. In reaction to the concern that you raise, I think that the onus is not just on the U.S (Which of the following approaches is most suitable for auditing the finance and investment cycle?). but is on the Caribbean. We in the Caribbean have to do some things to make it simpler for organization to run and to become worldwide competitive. I remain persuaded that if we develop the best type of environment in between the U.S. and the Caribbean that there is private sector initiative on investment and there are opportunities, very real chances which can occur by combining Caribbean and U.S.