They still believe they are visiting Hemingway having a drink over there at La Bodeguita. So how do you see that happening? What do you see happening there as tourist keeps increasing and individuals do not go to the other locations? Yes (Which one of the following occupations best fits into the corporate area of finance?). Mr. Bernal. The return of Cuba to as a destination for American travelers has both unfavorable and positive impacts. In the short run it is a brand-new destination. It is going to bring in a lot of financial investment and tourists there, which might divert, especially, tourists from the nearest islands to Cuba such as the Bahamas and Dominican Republic, however it might affect the whole Caribbean.
What is necessary for the Caribbean is to do the following: One, to maintain the freshness of the tourist item and its international competitiveness in cost and quality; and secondly, to look for the possibility of numerous destination tourism. That is, some time in Cuba, a long time in the remainder of the Caribbean, discover collaborative ways. Last but not least, the Caribbean has tremendous tourism competence and management which it can use to Cuba in constructing Cuban tourist. Among the vital things is to guarantee that as airlift comes from brand-new markets like China that the Caribbean likewise makes sure that it is competitive with the brand-new destinations.
So the Caribbean deals with competition, however it is an industry in the Caribbean which has actually shown an ability to remain worldwide competitive and attractive. I have no doubt that the industry will continue to grow, however it requires to up its video game because of the brand-new competitors. Ms. Yearwood. I do not have a lot to contribute to Ambassador Bernal's point. International tourist grew by 4 percent in 2015; international trade grew by 2. 8 percent. So what we do know it that the tourism market continues to expand and the Caribbean's development has been positive for some time now. So I think on the whole, the Caribbean is doing well.
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The Caribbean Hotel & Tourist did do a research study on the disruption that Cuba might trigger. But among 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 taking a trip to Cuba with no interference forever, I think, therefore 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 an obstacle and an opportunity. However I believe as long the Caribbean does work on its competitive concerns and does remain able to take on Cuba on expense and quality they ought to be fine.
Sires. Thank you. Mr. Duncan. Well, as you can see, on a day when sessions end and individuals are leaving town we have the committee members come even unforeseen to the chairman, which reveals the importance that the Caribbean area is to our subcommittee, to Congress as an entire, and I think to the federal government. We are going to continue delving into these problems and determining manner ins which we can engage more, especially because of Venezuela as we have talked about, and what might or might not take place with Petrocaribe. I believe there is excellent chance. I discuss jobs, energy, and the founding dads all the time.
So witnesses are reminded there may be other questions 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. How long can you finance a used car. Thanks for coming and I eagerly 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 leadership and chairing of the committee Additional reading and for convening this session to give 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 wished 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 towards the region and I am incredibly grateful that he did. So we will look forward to seeing you in September after this break and I hope everybody has a good 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 Region: 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), http://griffingecg224.wpsuo.com/some-known-questions-about-what-does-eps-stand-for-in-finance which has an arrangement (Section 546) extending the due date requiring U.S. residents traveling by land or sea in between the United States and the Caribbean (in addition to Canada, Mexico, and Central and South America) to have passports or other files signifying 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 certify specific requirements regarding the brand-new document or passport card being established.
people to have passports for travel by air in 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 expected political violence, however the elections were the most tranquil and organized in current history, according to the Carter Center, which observed the elections. On July 3, 2006, Haiti's involvement in the Caribbean Neighborhood (CARICOM) was formally renewed at the company'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 finest desires to Guyana for peace and more advancement, progress, and prosperity. On April 22, 2006, Guyana's Farming minister, along with his two siblings and a guard, were shot and killed in an apparent burglary. On April 12, 2006, U.S. and CARICOM trade authorities meeting in Washington started initial expedition of a possible complimentary trade contract. The authorities likewise accepted renew an inactive U.S.-CARICOM Trade and Investment Council Visit this site that had originally developed in the early 1990s. On March 30, 2006, Portia Simpson Miller was sworn in as Jamaica's very first female Prime Minister.