They still think they are going to see Hemingway having a drink over there at La Bodeguita. So how do you see that occurring? What do you see occurring there as tourism keeps increasing and individuals don't go to the other locations? Yes (What is a finance charge on a credit card). Mr. Bernal. The return of Cuba to as a location for American tourists has both unfavorable and favorable results. In the brief run it is a brand-new location. It is going to draw in a lot of financial investment and tourists there, and that might divert, particularly, tourists from the nearby islands to Cuba such as the Bahamas and Dominican Republic, but it might impact the entire Caribbean.

What is essential for the Caribbean is to do the following: One, to preserve the freshness of the tourist item and its international competitiveness in price and quality; and secondly, to look for the possibility of multiple destination tourist. That is, some time in Cuba, a long time in the rest of the Caribbean, find collaborative methods. Finally, the Caribbean has incredible tourist competence and management which it can offer to Cuba in developing Cuban tourist. Among the vital things is to ensure that as airlift comes from brand-new markets like China that the Caribbean also ensures that it is competitive with the brand-new locations.

So the Caribbean deals with competitors, but it is an industry in the Caribbean which has actually revealed a capability to stay internationally competitive and attractive. I have no doubt that the industry will continue to grow, but it requires to up its game because of the new competitors. Ms. Yearwood. I do not have a lot to contribute to Ambassador Bernal's point. International tourism grew by 4 percent in 2015; global trade grew by 2. 8 percent. So what we do know it that the tourist market continues to expand and the Caribbean's development has https://www.businesswire.com/news/home/20191008005127/en/Wesley-Financial-Group-Relieves-375-Consumers-6.7 actually been favorable for some time now. So I believe on the whole, the Caribbean is succeeding.

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The Caribbean Hotel & Tourism did do a research study on the interruption that Cuba might trigger. But one of the points that there is, is that the U.S. is the only nation that has the embargo on Cuba and other countries have actually been traveling to Cuba without any disturbance forever, I think, and so that market is safe. You have the Canadians, the Europeans. To Ambassador Bernal's point the emerging Chinese and Asian market coming into the Caribbean, so I believe it is both a challenge and a chance. However I believe as long the Caribbean does deal with its competitive concerns and does remain able to contend with Cuba on expense and quality they need to be alright.

Sires. Thank you. Mr. Duncan. Well, as you can see, on a day when sessions end and people are leaving town we have the committee members come even unanticipated to the chairman, and that shows the value that the Caribbean region is to our subcommittee, to Congress as an entire, and I believe to the federal government. We are going to continue delving into these problems and finding out manner ins which we can engage more, particularly in light of Venezuela as we have spoken about, and what may or may not take place with Petrocaribe. I think there is excellent opportunity. I talk about tasks, energy, and the founding fathers all the time.

So witnesses are advised there may be other concerns that are sent and we ask you to respond to those. We will leave the record open for 10 days. And we wish to thank you Eric, Sally, and Ambassador. What is a consumer finance company. Thanks for coming and I anticipate continuing the discussion. Yes, thank you. Yes, sir. Mr. Bernal. It would be remiss people if we didn't put on record our appreciation to you for your management and chairing of the committee and for assembling this session to give us an opportunity to share some views with you, and we position on record our gratitude.

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Mr. Duncan. Well, let's put the attention where it is directed. My ranking member wanted to focus on this issue and I am glad he did. We were welcome to, pleased to accommodate him and I appreciate that. It type of directed my focus toward the area and I am extremely happy that he did. So we will eagerly anticipate seeing you in September after this break and I hope everyone has an excellent break as well. And with that the committee will stand adjourned. [Whereupon, at 3:39 p. m., the subcommittee was adjourned.] A P P E N D I X ---------- Product Submitted for the Record < [GRAPHIC( S) NOT READILY AVAILABLE IN TIFF FORMAT] [all].

Caribbean Area: Issues in U.S. Relations On October 4, 2006, the President signed into law the FY2007 Department of Homeland Security Appropriations Act (P.L. 109-295, H.R. 5441), which has a provision (Section 546) extending the due date requiring U.S. people taking a trip by land or sea between the United States and the Caribbean (in addition to Canada, Mexico, and Central and South America) to have passports or other files denoting identity and citizenship. The due date was extended from January 1, 2008, to iva buying group June 1, 2009, or earlier if the Secretary of State and Secretary of Homeland Security jointly accredit particular requirements regarding the brand-new file or passport card being developed.

residents to have passports for travel by air in between the United States and the Caribbean (along with Canada and Mexico.) On August 28, 2006, Guyana held nationwide elections in which President Baharrat Jagdeo was re-elected with almost 55% of the vote. Some observers had actually anticipated political violence, however the elections were the most serene and organized in current history, according to the Carter Center, which observed the elections. On July 3, 2006, Haiti's involvement in the Caribbean Community (CARICOM) was officially renewed at the organization's summit in St. Kitts and Nevis. Haiti's involvement had actually been suspended after the departure of President Jean Bertrand Aristide from power in February 2004.

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792 (Meeks) by voice vote, recognizing the 40th anniversary of Guyana's independence and extending best dreams to Guyana for peace and further advancement, progress, and prosperity. On April 22, 2006, Guyana's Farming minister, together with his two brother or sisters and a guard, were shot and killed in an obvious break-in. On April 12, 2006, U.S. and CARICOM trade authorities meeting in Washington started preliminary exploration of a prospective totally free trade contract. The officials also accepted renew a dormant U.S.-CARICOM Trade and Investment Council that had actually originally established in the early 1990s. On March 30, 2006, Portia Simpson Miller was sworn in as Jamaica's first female Prime Minister.