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 taking place there as tourism keeps increasing and people don't go to the other destinations? Yes (What is a note in finance). Mr. Bernal. The return of Cuba to as a destination for American travelers has both unfavorable and favorable effects. In the brief run it is a new location. It is going to attract a lot of financial investment and tourists there, and that might divert, particularly, travelers from the nearby islands to Cuba such as the Bahamas and Dominican Republic, but it could impact the whole Caribbean.

What is essential for the Caribbean is to do the following: One, to preserve the freshness of the tourism item and its worldwide competitiveness in cost and quality; and secondly, to search for the possibility of multiple destination tourism. That is, some time in Cuba, some time in the remainder of the Caribbean, find collaborative ways. Finally, the Caribbean has tremendous tourist proficiency and management which it can use to Cuba in developing Cuban tourist. One of the important things is to guarantee that as airlift originates from brand-new markets like China that the Caribbean likewise ensures that it is competitive with the new destinations.

So the Caribbean deals with competitors, however it is an industry in the Caribbean which has shown a capability to remain globally competitive and appealing. I believe that the industry will continue to grow, but it requires to up its game since of the new competitors. Ms. Yearwood. I don't have a lot to include 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 tourist market continues to broaden and the Caribbean's growth has actually been positive for awhile now. So I think on the whole, the Caribbean is succeeding.

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The Caribbean Hotel & Tourism did do a study on the disturbance that Cuba might cause. However one of the points that there is, is that the U.S. is the only country that has the embargo on Cuba and other nations have been taking a trip to Cuba with no interference permanently, I think, therefore that market is what is a vacation club 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. But I believe as long the Caribbean does deal with its competitive problems and does remain able to compete with Cuba on cost and quality they need to be okay.

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 shows the significance that the Caribbean region is to our subcommittee, to Congress as a whole, and I believe to the government. We are going to continue delving into these problems and figuring out manner ins which we can engage more, particularly in light of Venezuela as we have spoken about, and what may or may not occur with Petrocaribe. I think there is terrific opportunity. I speak about jobs, 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 react to those. We will leave the record open for 10 days. And we want to thank you Eric, Sally, and Ambassador. Accounting vs finance which is harder. Thanks for coming and I 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 offer us a chance to share some views with you, and we position on record our appreciation.

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Mr. Duncan. Well, let's put the attention where it is directed. My ranking member wished to concentrate on this problem and I am delighted he did. We were welcome to, happy to accommodate him and I appreciate that. It kind of directed my focus toward the area and I am very glad that he did. So we will eagerly anticipate seeing you in September after this break and I hope everybody has a great 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 ---------- Product Submitted for the Record < [GRAPHIC( S) NOT AVAILABLE IN TIFF FORMAT] [all].

Caribbean Area: Problems 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 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 documents denoting identity and citizenship. The due date was extended from January 1, 2008, to June 1, 2009, or earlier if the Secretary of State and Secretary of Homeland Security jointly license specific requirements regarding the new document or passport card being established.

citizens 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 nationwide elections in which President Baharrat Jagdeo was re-elected with almost 55% of the vote. Some observers had prepared for political violence, however the elections were the most peaceful and organized in current history, according to the Carter Center, which observed the elections. On July 3, 2006, Haiti's participation in the Caribbean Neighborhood (CARICOM) was formally restored at the company's summit in St. Kitts and Nevis. Haiti's involvement had 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 Visit this site anniversary of Guyana's self-reliance and extending best wishes to Guyana for peace and more development, progress, and success. On April 22, 2006, Guyana's Farming minister, along with his 2 brother or sisters and a security personnel, were shot and eliminated in an obvious robbery. On April 12, 2006, U.S. and CARICOM trade officials satisfying in Washington began initial expedition of a prospective free trade agreement. The officials also agreed to revitalize a dormant U.S.-CARICOM Trade and Investment Council that had initially developed in http://cashbobz428.bearsfanteamshop.com/facts-about-what-year-was-mariner-finance-founded-revealed the early 1990s. On March 30, 2006, Portia Simpson Miller was sworn in as Jamaica's very first female Prime Minister.