[House Hearing, 114 Congress] [From the U - How to find the finance charge.S. Federal Government Publishing Office] THE STRATEGIC SIGNIFICANCE OF BUILDING A STRONGER U.S.-- CARIBBEAN COLLABORATION ======================================================================= 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 making use of the Committee on Foreign Affairs [GRAPHIC( S) NOT OFFERED IN TIFF FORMAT] Available via the Web: 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. 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 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. What is a finance charge on a credit card. 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 ... ... ... ... ... ... ... ... ... ... Look at more info 10 His Excellency Richard Bernal, pro-vice chancellor for international 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 VALUE OF STRUCTURE 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 existing, the subcommittee will come to order.
I would now like to acknowledge myself for an opening statement. Thank you, guys, for your patience. Today, we need to highlight an extremely important area in our hemisphere that regrettably often gets ignored. A lot of our Caribbean buddies have repeatedly prompted the United States to pay more attention to the Caribbean, and I want you to know that I have 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 important strengths for the region, the Caribbean has far more to provide which U.S. businesses, universities, and regional.
communities ought to think about when planning future investment, academic research, or where to develop stronger economic ties. http://andrekwfy445.image-perth.org/getting-my-what-is-a-discount-rate-in-finance-to-work Among the main tools of U.S. engagement with CARICOM nations 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 expanded to supply 17 countries and dependent areas with duty-free access to U.S. This engagement has resulted in 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.
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and the Caribbean was $33. 4 billion. I think it is critical to deal with our next-door neighbors to mutually promote economic growth through trade liberalization, respect for the rule of law, and adherence to free market concepts in order to attain prosperity that is sustainable for the area. How old of a car will a bank finance. In addition, I am a company fan of deeper U.S.-Caribbean energy relations. To me it is a great deal. U.S. has an abundance of oil, natural gas, and technical expertise, and the Caribbean has some of the highest energy costs on the planet and needs to reduce these expenses by developing facilities for providing energy, incorporating energy markets to draw in investment and financing, and develop pipelines and liquified gas frameworks. After all, the United States is the biggest energy manufacturer in the Western Hemisphere; collectively with Mexico and Canada, North America accounts for 71 percent of the hemisphere.
's petroleum and 28 percent of gas reserves in the hemisphere. Likewise, Argentina, Brazil, Colombia, Peru, and Trinidad and Tobago have substantial oil and natural gas production. In my view, freedom-loving, market-friendly, energy-producing countries in this hemisphere should be working more closely together to pursue connor thompson nashville hemisphere-acquired, energy independence which implies assisting non-energy producing nations consisting of the Caribbean next-door 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 self-reliance and our economic 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 deliver drugs, migrants, and contraband to United States shores. The Caribbean Basin.
Security Effort is another tool the United States has actually used considering that 2010 to deal with regional security concerns, and given the Caribbean's tactical area to U.S. homeland, we require to keep considering methods to enhance CBSI and better comply with the local partners to manage borders, block criminal groups 'ability to exploit permissive environments to their benefit. I am likewise concerned about individuals from the Caribbean that have joined Islamic extremist companies. Southern Command, General Kelly, affirmed before Congress that near 100 people had actually left the Caribbean to go battle in Syria. At a subsequent rundown, he specifically named Jamaica, Siriname, and Trinidad and Tobago as having had people leave for the battleground. These threats to the United States and local security should motivate everyone; give all of us a greater willingness to do more to strengthen security cooperation. Additionally, I wish to explain at a previous subcommittee hearing on border security dangers in the area, I raised issues concerning reports that I had actually seen about person by financial investment programs in the Caribbean which have enabled fraud, corruption, and exploitation by foreign nationals.