[Home Hearing, 114 Congress] [From the U - What does ach stand for in finance.S. Government Publishing Office] THE STRATEGIC IMPORTANCE OF BUILDING A STRONGER U.S.-- CARIBBEAN COLLABORATION ======================================================================= HEARING PRIOR TO 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 the usage 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 Documents, U.S. Federal Government Publishing Workplace Internet: bookstore.

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 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 credit score is needed to finance a car. 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 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, STATEMENTS, ETC., 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 notice ... ... ... ... ... ... ... ... ...... 40 Hearing minutes ... ... ... ... ... ... ... ... ... ... 41 THE TACTICAL VALUE OF BUILDING A STRONGER U.S.-- CARIBBEAN PARTNERSHIP ---------- THURSDAY, JULY 14, 2016 Home of Representatives, 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 concern order.

I would now like to acknowledge myself for an opening statement. Thank you, men, for your patience. Today, we need to highlight a very crucial region in our hemisphere that regrettably often gets ignored. Many of our Caribbean buddies have actually repeatedly advised the United States to pay more attention to the Caribbean, and I desire you to understand that I have heard you. I would also 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 essential strengths for the area, the Caribbean has a lot more to provide which U.S. services, universities, and local.

neighborhoods must think about when planning future investment, academic research study, or where to establish stronger financial ties. Among the main tools of U.S. engagement with CARICOM nations is the Caribbean Basin Effort, or CBI, which was produced in 1983. Can we turn that sound down a bit, sir? Can we turn that down just a little bit? Okay. Which was developed in 1983 and has subsequently expanded to provide 17 nations and dependent areas with duty-free access to U.S. This engagement has resulted in a 44-percent increase 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 work with our neighbors to mutually promote financial development through trade liberalization, regard for the guideline of law, and adherence to free enterprise principles in order to achieve prosperity that is sustainable for the region. Which of the following can be described as involving how to get rid of bluegreen timeshare direct finance?. In addition, I am a company supporter of deeper U.S.-Caribbean energy relations. To me it is a win-win scenario. U.S. possesses an abundance of oil, natural gas, and technical competence, and the Caribbean has some of the highest energy expenses in the world and needs to lower these expenses by constructing facilities for providing energy, incorporating energy markets to bring in financial investment and financing, and develop pipelines and liquified gas frameworks. After all, the United States is the biggest energy producer in the Western Hemisphere; jointly with Mexico and Canada, The United States and Canada accounts for 71 percent of the hemisphere.

's unrefined oil 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 ought to be working more closely together to pursue hemisphere-acquired, energy independence which indicates assisting non-energy producing nations including the Caribbean next-door neighbors in reaching this objective. Eventually, if the Western Additional reading Hemisphere were more energy independent it would go a long way to changing our societies and security and self-reliance and our economic development. and CARICOM. However, I stay concerned about the growing security challenges in the region from multinational criminal organizations that look for to utilize the area to deliver drugs, migrants, and contraband to United States shores. The Caribbean Basin.

Security Initiative is another tool the United States has actually used considering that 2010 to attend to local security problems, and provided the Caribbean's strategic location to U.S. homeland, we need to keep considering methods to improve CBSI and more efficiently comply with the local partners to manage borders, obstruct criminal groups 'capability to make use of permissive environments to their benefit. I am also concerned about individuals from the Caribbean that have actually joined Islamic extremist organizations. Southern Command, General Kelly, affirmed before Congress that near 100 individuals had actually left the Caribbean https://a.8b.com/ to go fight in Syria. At a subsequent instruction, he specifically named Jamaica, Siriname, and Trinidad and Tobago as having had people leave for the battleground. These threats to the United States and regional security ought to motivate all of us; offer all of us a higher willingness to do more to strengthen security cooperation. Moreover, I wish to mention at a previous subcommittee hearing on border security risks in the region, I raised concerns concerning reports that I had seen about resident by investment programs in the Caribbean which have made it possible for scams, corruption, and exploitation by foreign nationals.