[Home Hearing, 114 Congress] [From the U - What does ltm mean in finance.S. Federal Government Publishing Office] THE STRATEGIC IMPORTANCE OF STRUCTURE A STRONGER U.S.-- CARIBBEAN PARTNERSHIP ======================================================================= HEARING PRIOR TO THE SUBCOMMITTEE ON THE WESTERN HEMISPHERE OF THE COMMITTEE ON FOREIGN AFFAIRS LEGISLATURE 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 READILY AVAILABLE IN TIFF FORMAT] Offered by means of the Internet: http://www. foreignaffairs.house. gov/ or http://www. gpo.gov/ fdsys/ _ U.S. FEDERAL GOVERNMENT PUBLISHING OFFICE 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 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 cancel wyndham timeshare 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 is a swap in finance. RIBBLE, Wisconsin DAVID A. TROTT, Michigan LEE M. ZELDIN, New York City 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 global affairs, University of the West Indies in Jamaica ... ... ... 24 LETTERS, DECLARATIONS, ETC., SUBMITTED FOR THE HEARING Mr. Eric Farnsworth: Prepared declaration ... ... ... ...... 7 Ms. Sally Yearwood: Prepared declaration ... ... ... ...... 13 His Excellency Richard Bernal: Prepared statement ... ...... 26 APPENDIX Hearing notice ... ... ... ... ... ... ... ... ...... 40 Hearing minutes ... ... ... ... ... ... ... ... ... ... 41 THE TACTICAL IMPORTANCE OF BUILDING A STRONGER U.S.-- CARIBBEAN PARTNERSHIP ---------- 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 being present, the subcommittee will pertain to order.
I would now like to recognize myself for an opening declaration. Thank you, men, for your persistence. Today, we need to highlight a really essential region in our hemisphere that unfortunately typically gets overlooked. Much 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 likewise like to thank Ranking Member Sires in specific for his leadership in working to prioritize this subcommittee's focus on the Caribbean. However, while these are definitely crucial strengths for the region, the Caribbean has far more to offer which U.S. businesses, universities, and regional.
communities must think about when preparing future investment, academic research, 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 produced in 1983. Can we turn that noise down a bit, sir? Can we turn that down just a little bit? Okay. Which was developed in 1983 and has subsequently expanded to supply 17 countries and reliant territories with duty-free access to U.S. This engagement has actually caused a 44-percent increase in U.S. exports to the Caribbean over the previous ten years, and in 2015 the overall trade relationship in between the U.S.
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and the Caribbean was $33. 4 billion. I think it is critical to deal with our neighbors to equally promote financial development through trade liberalization, respect for the rule of law, and adherence to complimentary market principles in order to accomplish success that is sustainable for the region. The trend in campaign finance law over time has been toward which the following?. In addition, I am a firm fan of much deeper U.S.-Caribbean energy relations. To me it is a great deal. U.S. has an abundance of oil, natural gas, and technical know-how, and the Caribbean has some of the highest energy expenses worldwide and needs to reduce these expenses by building facilities for delivering energy, integrating energy markets to bring in investment and funding, and establish pipelines and liquified gas structures. After all, the United States is the largest energy manufacturer in the Western Hemisphere; collectively with Mexico and Canada, North America 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 significant oil and natural gas production. In my view, freedom-loving, market-friendly, energy-producing countries in this westlake financial services las vegas hemisphere should be working more carefully together to pursue hemisphere-acquired, energy self-reliance which indicates assisting non-energy producing countries 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 independence and our economic growth. and CARICOM. However, I stay concerned about the growing security difficulties in the region from multinational criminal companies that seek to utilize the area to ship drugs, migrants, and contraband to United States shores. The Caribbean Basin.
Security Initiative is another tool the United States has utilized because 2010 to resolve regional security problems, and provided the Caribbean's tactical area to U.S. homeland, we require to keep thinking about methods to enhance CBSI and better comply with the local partners to control borders, block criminal groups 'capability to exploit permissive environments to their advantage. I am likewise worried about individuals from the Caribbean that have joined Islamic extremist organizations. Southern Command, General Kelly, testified prior to Congress that close to http://elliottltmc616.fotosdefrases.com/some-of-what-is-a-note-in-finance 100 individuals had actually left the Caribbean to go fight in Syria. At a subsequent briefing, he specifically called Jamaica, Siriname, and Trinidad and Tobago as having had individuals leave for the battleground. These dangers to the United States and regional security need to motivate everyone; provide all of us a greater determination to do more to strengthen security cooperation. Moreover, I want to point out at a previous subcommittee hearing on border security threats in the region, I raised concerns regarding reports that I had seen about person by investment programs in the Caribbean which have made it possible for scams, corruption, and exploitation by foreign nationals.