[Home Hearing, 114 Congress] [From the U - What is the difference between accounting and finance.S. Federal Government Publishing Workplace] THE STRATEGIC SIGNIFICANCE OF STRUCTURE A STRONGER U.S.-- CARIBBEAN PARTNERSHIP ======================================================================= HEARING BEFORE 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 using the Committee on Foreign Affairs [GRAPHIC( S) NOT OFFERED IN TIFF FORMAT] Offered via the Internet: http://www. foreignaffairs.house. gov/ or http://www. gpo.gov/ fdsys/ _ U.S. FEDERAL GOVERNMENT PUBLISHING WORKPLACE 20-749PDF WASHINGTON: 2016 ----------------------------------------------------------------------- For how to sell a timeshare that is paid off sale by the Superintendent of Files, U.S. Federal Government Publishing Office Web: bookstore.
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 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 timeshare attorneys near me 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. Which one of the following occupations best fits into the corporate area of finance?. RIBBLE, Wisconsin DAVID A. TROTT, Michigan LEE M. ZELDIN, New York DANIEL DONOVAN, New York Amy Porter, Chief of Personnel Thomas Sheehy, Staff 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 RON De, SANTIS, Florida ALAN GRAYSON, Florida TED S.
LOWENTHAL, California DANIEL DONOVAN, New York 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 statement ... ... ... ...... 7 Ms. Sally Yearwood: Prepared declaration ... ... ... ...... 13 His Excellency Richard Bernal: Prepared declaration ... ...... 26 APPENDIX Hearing notification ... ... ... ... ... ... ... ... ...... 40 Hearing minutes ... ... ... ... ... ... ... ... ... ... 41 THE STRATEGIC IMPORTANCE OF STRUCTURE 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 )presiding. Mr. Duncan. Okay. A quorum existing, the subcommittee will come to order.
I would now like to recognize myself for an opening statement. Thank you, men, for your persistence. Today, we need to highlight a very important area in our hemisphere that unfortunately frequently gets ignored. A lot of our Caribbean pals have actually consistently urged the United States to pay more attention to the Caribbean, and I want you to know that I have actually 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. Nevertheless, while these are certainly important strengths for the area, the Caribbean has a lot more to use which U.S. services, universities, and regional.
neighborhoods should think about when planning future investment, scholastic research study, or where to establish more powerful economic ties. Among the primary tools of U.S. engagement with CARICOM countries is the Caribbean Basin Effort, or CBI, which was developed in 1983. Can we turn that noise down a little bit, sir? Can we turn that down just a little bit? Okay. Which was produced in 1983 and has subsequently broadened to provide 17 countries and dependent areas with duty-free access to U.S. This engagement has actually led to 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 believe it is critical to work with our next-door neighbors to mutually promote economic growth through trade liberalization, respect for the guideline of law, and adherence to free market principles in order to attain prosperity that is sustainable for the region. Trade credit may be used to finance a major part of a firm's working capital when. In addition, I am a firm advocate 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 proficiency, and the Caribbean has some of the highest energy costs Look at more info in the world and requires to lower these costs by developing facilities for delivering energy, incorporating energy markets to draw in investment and funding, and develop pipelines and liquified natural gas frameworks. After all, the United States is the biggest energy manufacturer in the Western Hemisphere; collectively with Mexico and Canada, The United States and Canada represents 71 percent of the hemisphere.
's petroleum and 28 percent of 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 countries in this hemisphere must be working more carefully together to pursue hemisphere-acquired, energy self-reliance which means helping non-energy producing nations consisting of the Caribbean neighbors in reaching this objective. Eventually, 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 financial development. and CARICOM. However, I stay worried about the growing security obstacles in the region from multinational criminal companies that look for to utilize the area to deliver drugs, migrants, and contraband to United States coasts. The Caribbean Basin.
Security Effort is another tool the United States has utilized considering that 2010 to address regional security issues, and given the Caribbean's tactical place to U.S. homeland, we require to keep considering methods to enhance CBSI and more efficiently comply with the local partners to manage borders, obstruct criminal groups 'capability to make use of liberal environments to their advantage. I am likewise concerned about individuals from the Caribbean that have actually signed up with Islamic extremist organizations. Southern Command, General Kelly, affirmed before Congress that near 100 individuals had left the Caribbean to go battle in Syria. At a subsequent briefing, he particularly called Jamaica, Siriname, and Trinidad and Tobago as having had people leave for the battlefield. These hazards to the United States and local security should motivate all of us; provide us all a higher desire to do more to reinforce security cooperation. Additionally, I desire to mention at a previous subcommittee hearing on border security threats in the area, I raised issues relating to reports that I had seen about resident by investment programs in the Caribbean which have actually enabled fraud, corruption, and exploitation by foreign nationals.
