They still think they are going to see Hemingway having a beverage over there at La Bodeguita. So how do you see that occurring? What do you see taking place there as tourism keeps increasing and individuals don't go to the other destinations? Yes (What do you need to https://www.linkedin.com/company/wesleyfinancialgroup finance a car). Mr. Bernal. The return of Cuba to as a location for American travelers has both negative and favorable effects. In the brief run it is a new destination. It is going to draw in a great deal of investment and travelers there, which could divert, particularly, tourists from the nearest islands to Cuba such as the Bahamas and Dominican Republic, but it might affect the entire Caribbean.
What is important for the Caribbean is to do the following: One, to maintain the freshness of the tourism product and its worldwide competitiveness in rate and quality; and secondly, to search for the possibility of several destination tourism. That is, some time in Cuba, some time in the remainder of the Caribbean, find collaborative methods. Finally, the Caribbean has significant tourism know-how and management which it can provide to Cuba in developing Cuban tourism. Among the necessary things is to guarantee that as airlift comes from new markets like China that the Caribbean likewise makes certain that it is competitive with the brand-new destinations.
So the Caribbean deals with competition, but it is an industry in the Caribbean which has shown a capability to remain worldwide competitive and attractive. I believe that the industry will continue to grow, but it requires to up its game since of the brand-new competitors. Ms. Yearwood. I don't have a lot to contribute to Ambassador Bernal's point. International tourism grew by 4 percent in 2015; international trade grew by 2. 8 percent. So what we do understand it that the tourist market continues to broaden and the Caribbean's development has been favorable for awhile now. So I believe 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 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 nations have been traveling to Cuba without any disturbance permanently, I think, and so that market 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 an obstacle and a chance. However I believe as long the Caribbean does deal with its competitive issues and does stay able to take on Cuba on expense and quality they must 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, and that shows the importance that the Caribbean region is to our subcommittee, to Congress as an entire, and I believe to the federal government. We are going to continue diving into these issues and finding out methods that we can engage more, particularly due to Venezuela as we have talked about, and what might or may not occur with Petrocaribe. I believe there is fantastic opportunity. I talk about jobs, energy, and the starting dads all the time.
So witnesses are reminded there might be other questions 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 the difference between accounting and finance. Thanks for coming and I look forward to continuing the conversation. Yes, thank you. Yes, sir. Mr. Bernal. It would be remiss people if we didn't place on record our gratitude 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 place 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 concern and I am thankful he did. We were welcome to, happy to accommodate him and I value that. It type of directed my focus toward the area and I am super delighted that he did. So we will anticipate seeing you in September after this break and I hope everyone has an excellent break also. 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 OFFERED 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 deadline needing U.S. citizens traveling by land or sea in between the United States and the Caribbean (along with Canada, Mexico, and Central and South America) to have passports or other documents 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 license particular criteria relating to the new document or passport card being established.
residents to have passports for travel by air between the United States and the Caribbean (in addition to Canada and Mexico.) On August 28, 2006, Guyana held nationwide elections in which President Baharrat Jagdeo was re-elected with nearly 55% Great site of the vote. Some observers had actually anticipated political violence, however the elections were the most serene and orderly 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 reinstated at the organization's top 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, recognizing the 40th anniversary of Guyana's self-reliance and extending best wishes to Guyana for peace and further advancement, progress, and success. On April 22, 2006, Guyana's Farming minister, in addition to his two brother or sisters and a guard, were shot and eliminated in an apparent burglary. On April 12, 2006, U.S. and CARICOM trade officials meeting in Washington began preliminary exploration of a possible complimentary trade contract. The officials likewise agreed to rejuvenate an inactive U.S.-CARICOM Trade and Financial 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.