They still believe 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 taking place there as tourist keeps increasing and people don't go to the other destinations? Yes (Why are you interested in finance). Mr. Bernal. The return of Cuba to as a location for American tourists has both unfavorable and positive impacts. In the brief run it is a brand-new location. It is going to attract a great deal of financial investment and travelers there, which could divert, especially, travelers from the closest islands to Cuba such as the Bahamas and Dominican Republic, but it could impact the entire Caribbean.

What is essential for the Caribbean is to do the following: One, to keep the freshness of the tourist product and its international competitiveness in cost and quality; and secondly, to try to find the possibility of several destination tourism. That is, a long time in Cuba, a long time in the rest of the Caribbean, discover collective ways. Lastly, the Caribbean has remarkable tourism competence and management which it can use to Cuba in building Cuban tourist. Among the necessary things is to guarantee that as airlift comes from new markets like China that the Caribbean likewise makes sure that it is competitive with the new destinations.

So the Caribbean faces competitors, however it is an industry in the Caribbean which has shown a capability to stay globally competitive and attractive. I believe that the market will continue to grow, however it requires to up its game because of the new competition. Ms. Yearwood. I don't have a lot to contribute to Ambassador Bernal's point. International tourism grew by 4 percent in 2015; worldwide trade grew by 2. 8 percent. So what we do understand it that the tourism market continues to expand and the Caribbean's growth has actually been positive for some time now. So I believe on the whole, the Caribbean is succeeding.

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The Caribbean Hotel & Tourist did do a study on the interruption that Cuba might cause. However among the points that there is, is that the U.S. is the only country that has the embargo on Cuba and other countries have been taking a trip to Cuba without any disturbance permanently, I guess, therefore that market wesley financial group, llc is safe. You have the Canadians, the Europeans. To Ambassador Bernal's point the emerging Chinese and Asian market entering the Caribbean, so I think it is both a difficulty and a chance. But I think as long the Caribbean does work on its competitive issues and does stay able to contend with Cuba on expense and quality they should be fine.

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 unexpected to the chairman, which reveals the significance that the Caribbean region is to our subcommittee, to Congress as a whole, and I believe to the federal government. We are going to continue delving into these issues and determining methods that we can engage more, especially because of Venezuela as we have talked about, and what may or might not occur with Petrocaribe. I think there is terrific chance. I speak about jobs, energy, and the starting daddies all the time.

So witnesses are advised there may be other concerns that are submitted and we ask you to react to those. We will leave the record open for 10 days. And we wish to thank you Eric, Sally, and Ambassador. What is a future in finance. Thanks for coming and I eagerly anticipate continuing the conversation. 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 provide us a chance to share some views with you, and we put on record our appreciation.

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Mr. Duncan. Well, let's put the attention where it is directed. My ranking member desired to concentrate on this problem and I am grateful he did. We were welcome to, pleased to accommodate him and I appreciate that. It type of directed my focus towards the area and I am super happy that he did. So we will eagerly anticipate seeing you in September after this break and I hope everyone has an excellent break too. 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 ---------- Material Submitted for the Record < [GRAPHIC( S) NOT OFFERED 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 (Area 546) extending the due date requiring U.S. people traveling by land or sea between the United States and the Caribbean (as well as Canada, Mexico, and Central and South America) to have passports or other files denoting identity and citizenship. The deadline was extended from January 1, 2008, to June 1, 2009, or earlier if the Secretary of State and Secretary of Homeland Security collectively license certain criteria regarding the brand-new document or passport card being developed.

people to have passports for travel by air between the United States and the Caribbean (as well as Canada and Mexico.) On August 28, 2006, Guyana held national elections in which President Baharrat Jagdeo was re-elected with practically 55% of the vote. Some observers had actually prepared for political violence, but the elections were the most serene and organized in recent 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 top in St. Kitts and Nevis. Haiti's participation 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, acknowledging the 40th anniversary of Guyana's self-reliance and extending best desires to Guyana for peace and further advancement, development, and prosperity. On April 22, 2006, Guyana's Farming minister, along with his 2 brother or sisters and a security personnel, were shot and killed in an evident break-in. On April 12, 2006, U.S. and CARICOM trade authorities fulfilling in Washington began preliminary expedition of a possible free trade agreement. The authorities also agreed to revitalize an inactive U.S.-CARICOM Trade and Investment Council that had originally established in the early 1990s. On March 30, 2006, Portia Simpson Miller was sworn in as Jamaica's very first female Prime Minister.