They still believe they are going to see Hemingway having a beverage over there at La Bodeguita. So how do you see that taking place? What do you see taking place there as tourism keeps increasing and people do not go to the other locations? Yes (What was the reconstruction finance corporation). Mr. Bernal. The return of Cuba to as a destination for American travelers has both unfavorable and positive effects. In the brief run it is a new destination. It is going to attract a great deal of financial investment and tourists there, and that might divert, especially, tourists from the nearby islands to Cuba such as the Bahamas and Dominican Republic, however it might affect the whole Caribbean.
What is important for the Caribbean is to do the following: One, to preserve the freshness of the tourist item and its worldwide competitiveness in price and quality; and secondly, to search for the possibility of several location tourist. That is, a long time in Cuba, some time in the remainder of the Caribbean, find collaborative methods. Finally, the Caribbean has remarkable tourist know-how and management which it can offer to Cuba in developing Cuban tourism. Among the necessary things is to ensure that as airlift comes from new markets like China that the Caribbean also makes sure that it is competitive with the brand-new destinations.
So the Caribbean faces competitors, but it is a market 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 brand-new competitors. Ms. Yearwood. I don't have a lot to add to Ambassador Bernal's point. International tourism grew by 4 percent in 2015; global 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 been positive for awhile now. So I believe on the whole, the Caribbean is succeeding.
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The Caribbean Hotel & Tourism did do a research study on the interruption that Cuba could trigger. But one of 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 traveling to Cuba with no disturbance permanently, 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 think it is both an obstacle and an https://www.facebook.com/wesleyfinancialgroup/ opportunity. However I think as long the Caribbean does deal with its competitive issues and does stay able to contend with Cuba on cost and quality they must be all right.
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 unanticipated to the chairman, and that reveals the importance 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 concerns and determining methods that we can engage more, particularly due to Venezuela as we have spoken about, and what might or might not occur with Petrocaribe. I believe there is fantastic chance. I speak about jobs, energy, and the founding fathers all the time.
So witnesses are reminded there may be other questions that are submitted 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. What does nav stand for in finance. Thanks for coming and I anticipate continuing the conversation. Yes, thank you. Yes, sir. Mr. Bernal. It would be remiss of us if we didn't put on record our appreciation to you for your leadership and chairing of the committee and for convening this session to offer us an opportunity 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 concern and I am delighted he did. We were welcome to, pleased to accommodate him and I appreciate that. It kind of directed my focus towards the region and I am incredibly thankful that he did. So we will eagerly anticipate seeing you in September after this break and I hope everyone has a good 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 an arrangement (Area 546) extending the deadline requiring U.S. residents 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 files representing 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 collectively accredit certain requirements concerning the new file or passport card being developed.
residents 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 nationwide elections in which President Baharrat Jagdeo was re-elected with nearly 55% of the vote. Some observers had expected political violence, however the elections were the most serene and organized in current history, according to the Carter Center, which observed the elections. On July 3, 2006, Haiti's involvement in the Caribbean Community (CARICOM) was officially restored at the organization's top in St. Kitts and Nevis. Haiti's participation 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, recognizing the 40th anniversary of Guyana's independence and extending finest wishes to Guyana for peace and more advancement, development, and prosperity. On April 22, 2006, Guyana's Farming minister, along with his 2 siblings and a guard, were shot and eliminated in an evident burglary. On April 12, 2006, U.S. and CARICOM trade authorities satisfying in Washington began initial expedition of a prospective open market agreement. The authorities likewise agreed to revitalize a dormant U.S.-CARICOM Trade and Investment Council 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.