They still believe they are visiting Hemingway having a drink over there at La Bodeguita. So how do you see that occurring? What do you see taking place there as tourist keeps increasing and people don't go to the other destinations? 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 tourists has both unfavorable and positive effects. In the brief run it is a brand-new location. It is going to bring in a great deal of financial investment and tourists there, which might divert, particularly, travelers from the closest islands to Cuba such as the Bahamas and Dominican Republic, chuck wesley but it could affect the whole Caribbean.
What is essential for the Caribbean is to do the following: One, to preserve the freshness of the tourist product and its global competitiveness in cost and quality; and second of all, to try to find the possibility of numerous destination tourist. That is, a long time in Cuba, some time in the rest of the Caribbean, find collective methods. Last but not least, the Caribbean has remarkable tourist know-how and management which it can offer to Cuba in developing Cuban tourism. One of the important 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 new locations.
So the Caribbean faces competition, but it is an industry in the Caribbean which has actually revealed an ability to stay internationally competitive and appealing. I have no doubt that the market will continue to grow, however it needs to up its video game since of the brand-new competition. Ms. Yearwood. I don't have a lot to contribute to Ambassador Bernal's point. International tourism grew by 4 percent in 2015; global trade grew by 2. 8 percent. So what we do know it that the tourist market continues to expand and the Caribbean's growth has been favorable for some time now. So I believe on the whole, the Caribbean is succeeding.
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The Caribbean Hotel & Tourist did do a research study on the interruption that Cuba might cause. However 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 forever, I think, and so that market is safe. You have the Canadians, the Europeans. To Ambassador Bernal's point the emerging Chinese floating timeshare and Asian market entering into the Caribbean, so I believe it is both a challenge and an opportunity. However I think as long the Caribbean does work on its competitive concerns and does stay able to take on Cuba on expense and quality they should 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 unforeseen to the chairman, which reveals the value that the Caribbean area is to our subcommittee, to Congress as a whole, and I believe to the government. We are going to continue diving into these concerns and determining ways that we can engage more, specifically in light of Venezuela as we have discussed, and what may or might not happen with Petrocaribe. I believe there is great opportunity. I discuss tasks, energy, and the starting fathers all the time.
So witnesses are reminded there might 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 wish to thank you Eric, Sally, and Ambassador. How long can i finance a used car. Thanks for coming and I eagerly 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 leadership and chairing of the committee and for assembling this session to give 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 issue and I am pleased he did. We were welcome to, delighted to accommodate him and I appreciate that. It sort of directed my focus towards the region and I am extremely happy 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 Area: Concerns 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 (Section 546) extending the due date requiring U.S. citizens traveling by land Click here for more or sea between the United States and the Caribbean (along with Canada, Mexico, and Central and South America) to have passports or other files representing 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 accredit particular requirements regarding the new document or passport card being established.
residents to have passports for travel by air in between the United States and the Caribbean (along with 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 actually expected political violence, however the elections were the most peaceful and organized in recent history, according to the Carter Center, which observed the elections. On July 3, 2006, Haiti's involvement 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 anniversary of Guyana's independence and extending finest wishes to Guyana for peace and more advancement, development, and success. On April 22, 2006, Guyana's Agriculture minister, along with his 2 siblings and a security guard, were shot and killed in an evident robbery. On April 12, 2006, U.S. and CARICOM trade officials satisfying in Washington began initial expedition of a prospective free trade arrangement. The officials likewise accepted renew an inactive U.S.-CARICOM Trade and Financial Investment Council that had originally established in the early 1990s. On March 30, 2006, Portia Simpson Miller was sworn in as Jamaica's first female Prime Minister.