[Home Hearing, 114 Congress] [From the U - How to finance a car from a private seller.S. Government Publishing Workplace] THE STRATEGIC VALUE OF STRUCTURE A STRONGER U.S.-- CARIBBEAN COLLABORATION ======================================================================= 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 making use of the Committee on Foreign Affairs [GRAPHIC( S) NOT AVAILABLE IN TIFF FORMAT] Readily available by means of the Internet: http://www. foreignaffairs.house. gov/ or http://www. gpo.gov/ fdsys/ _ U.S. GOVERNMENT PUBLISHING OFFICE 20-749PDF WASHINGTON: 2016 ----------------------------------------------------------------------- For sale by the Superintendent of Files, U.S. Government Publishing Office 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 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 City 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 do you need to finance a car. RIBBLE, Wisconsin DAVID A. TROTT, Michigan LEE M. ZELDIN, New York DANIEL DONOVAN, New York Amy Porter, Chief of Staff Thomas Sheehy, Personnel Director Jason Steinbaum, Democratic Staff 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, http://titusyvtz221.trexgame.net/3-easy-facts-about-what-does-principal-mean-in-finance-shown 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, STATEMENTS, ETC., SUBMITTED FOR THE HEARING Mr. Eric Farnsworth: Prepared statement ... ... ... ...... 7 Ms. Sally Yearwood: Prepared statement ... ... ... ...... 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 COLLABORATION ---------- 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 existing, the subcommittee will concern order.
I would now like to acknowledge myself for an opening statement. Thank you, guys, for your perseverance. Today, we need to highlight a really important area in our hemisphere that unfortunately frequently gets overlooked. A lot of our Caribbean buddies have repeatedly urged the United States to pay more attention to the Caribbean, and I want you to understand that I have heard you. I would likewise like to thank Ranking Member Sires in particular for his leadership in working to prioritize this subcommittee's concentrate on the Caribbean. However, while these are certainly crucial strengths for the area, the Caribbean has much more to offer which U.S. services, universities, and regional.
communities need to consider when planning future investment, academic research, or where to develop more Discover more here powerful financial ties. One of the main tools of U.S. engagement with CARICOM nations is the Caribbean Basin Initiative, or CBI, which was produced in 1983. Can we turn that noise down a bit, sir? Can we turn that down simply a bit? Okay. Which was developed in 1983 and has subsequently broadened to supply 17 countries and reliant areas with duty-free access to U.S. This engagement has actually caused a 44-percent increase in U.S. exports to the Caribbean over the past ten years, and last year the total trade relationship between the U.S.
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and the Caribbean was $33. 4 billion. I believe it is vital to work with our next-door neighbors to equally promote economic development through trade liberalization, regard for the guideline of law, and adherence to free enterprise concepts in order to achieve prosperity that is sustainable for the region. Which one of the following occupations best fits into the corporate area of finance?. In addition, I am a firm fan of deeper U.S.-Caribbean energy relations. To me it is a win-win scenario. U.S. has an abundance of oil, Check over here gas, and technical competence, and the Caribbean has a few of the highest energy expenses in the world and requires to decrease these costs by constructing facilities for delivering energy, integrating energy markets to attract investment and financing, and establish 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, North America accounts for 71 percent of the hemisphere.
's petroleum and 28 percent of natural gas reserves in the hemisphere. Similarly, Argentina, Brazil, Colombia, Peru, and Trinidad and Tobago have considerable oil and gas production. In my view, freedom-loving, market-friendly, energy-producing countries in this hemisphere need to be working more closely together to pursue hemisphere-acquired, energy self-reliance and that implies assisting non-energy producing countries consisting of the Caribbean next-door 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 independence and our financial growth. and CARICOM. Nevertheless, I remain worried about the growing security difficulties in the region from transnational criminal companies that look for to use the region to deliver drugs, migrants, and contraband to United States coasts. The Caribbean Basin.
Security Effort is another tool the United States has utilized because 2010 to attend to regional security concerns, and provided the Caribbean's strategic location to U.S. homeland, we require to keep considering ways to enhance CBSI and better 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 signed up with Islamic extremist companies. Southern Command, General Kelly, testified prior to Congress that close to 100 individuals had left the Caribbean to go battle in Syria. At a subsequent rundown, he specifically named Jamaica, Siriname, and Trinidad and Tobago as having had individuals leave for the battlefield. These hazards to the United States and local security must inspire everyone; provide us all a higher willingness to do more to reinforce security cooperation. Furthermore, I desire to point out at a previous subcommittee hearing on border security threats in the area, I raised concerns concerning reports that I had seen about citizen by financial investment programs in the Caribbean which have actually made it possible for scams, corruption, and exploitation by foreign nationals.