[House Hearing, 114 Congress] [From the U - Which of these is the best description of personal finance.S. Government Publishing Office] THE STRATEGIC VALUE OF BUILDING A STRONGER U.S.-- CARIBBEAN COLLABORATION ======================================================================= HEARING PRIOR TO THE SUBCOMMITTEE ON THE WESTERN HEMISPHERE OF THE COMMITTEE ON FOREIGN AFFAIRS HOME 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 through the World Wide Web: http://www. foreignaffairs.house. gov/ or http://www. gpo.gov/ fdsys/ _ U.S. FEDERAL 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 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, floating timeshares California RANDY K.

YOHO, Florida ROBIN L. KELLY, Illinois CURT CLAWSON, Florida BRENDAN F. BOYLE, Pennsylvania SCOTT Des, JARLAIS, Tennessee REID J. Accounting vs finance which is harder. 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 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 international 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 statement ... ... ... ...... 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 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 recognize myself for an opening statement. Thank you, men, for your perseverance. Today, we need to highlight an extremely essential region in our hemisphere that unfortunately frequently gets overlooked. A number of our Caribbean buddies have actually repeatedly urged 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 management in working to prioritize this subcommittee's focus on the Caribbean. However, while these are definitely essential strengths for the area, the Caribbean has a lot more to offer which U.S. organizations, universities, and local.

neighborhoods need to consider when planning future investment, academic research, or where to develop stronger financial ties. Among the main tools of U.S. engagement with CARICOM nations is the Caribbean Basin Effort, or CBI, which was created in 1983. Can we turn that noise down a bit, sir? Can we turn that down just a little bit? Okay. Which was produced in 1983 and has actually subsequently expanded to offer 17 nations and dependent territories with duty-free access to U.S. This engagement has caused a 44-percent boost in U.S. exports to the Caribbean over the previous 10 years, and in 2015 the overall trade relationship between the U.S.

The smart Trick of What Does Fy Mean In Finance That Nobody is Talking About

and the Caribbean was $33. 4 billion. I think it is important to work with our neighbors to mutually promote financial development through https://postheaven.net/bailirgfkx/they-still-think-they-are-going-to-see-hemingway-having-a trade liberalization, regard for the guideline of law, and adherence to totally free market concepts in order to achieve prosperity that is sustainable for the region. What is a consumer finance account. In addition, I am a firm fan of deeper U.S.-Caribbean energy relations. To me it is a great deal. U.S. has an abundance of oil, gas, and technical know-how, and the Caribbean has some of the greatest energy costs worldwide and needs to decrease these costs by building facilities for providing energy, incorporating energy markets to bring in financial investment and financing, and develop pipelines and liquified natural gas frameworks. After all, the United States is the largest energy producer 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 considerable oil and gas production. In my view, freedom-loving, market-friendly, energy-producing countries in this hemisphere need to be working more closely together to pursue hemisphere-acquired, energy self-reliance and that implies assisting non-energy producing countries consisting of the floating weeks timeshare 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 remain concerned about the growing security obstacles in the region from multinational criminal companies that look for to use the area to ship drugs, migrants, and contraband to United States coasts. The Caribbean Basin.

Security Effort is another tool the United States has used because 2010 to resolve local security concerns, and provided the Caribbean's strategic area to U.S. homeland, we require to keep thinking about methods to improve CBSI and more efficiently cooperate with the regional partners to manage borders, obstruct criminal groups 'capability to exploit liberal environments to their benefit. I am also worried about the people from the Caribbean that have signed up with Islamic extremist companies. Southern Command, General Kelly, affirmed prior to Congress that near 100 individuals had actually left the Caribbean to go fight in Syria. At a subsequent rundown, he specifically named Jamaica, Siriname, and Trinidad and Tobago as having had people leave for the battlefield. These threats to the United States and local security must encourage all of us; offer all of us a greater desire to do more to reinforce security cooperation. Additionally, I wish to point out at a previous subcommittee hearing on border security dangers in the area, I raised concerns regarding reports that I had actually seen about resident by financial investment programs in the Caribbean which have actually made it possible for scams, corruption, and exploitation by foreign nationals.