They still believe 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 happening there as tourism keeps increasing and individuals don't go to the other destinations? Yes (What is a finance charge on a credit card). Mr. Bernal. The return of Cuba to as a location for American travelers has both unfavorable and favorable effects. In the brief run it is a new location. It is going to attract a great deal of financial investment and travelers there, and that could divert, particularly, tourists from the nearby islands to Cuba such as the Bahamas and Dominican Republic, however it could affect the entire Caribbean.
What is essential for the Caribbean is to do the following: One, to keep the freshness of the tourism item and its worldwide competitiveness in price and quality; and second of all, to search for the possibility of several location tourist. That is, a long time in Cuba, some time in the rest of the Caribbean, find collaborative ways. Last but not least, the Caribbean has incredible tourism expertise and management which it can use to Cuba in building Cuban tourism. Among the essential things is to ensure that as airlift originates from new markets like China that the Caribbean also makes certain that it is competitive with the brand-new destinations.
So the Caribbean faces competition, but it is a market in the Caribbean which has shown a capability to remain worldwide competitive and attractive. I believe that the market will continue to grow, but it needs to up its game due to the fact that of the brand-new competition. Ms. Yearwood. I do not have a lot to contribute to Ambassador Bernal's point. International tourism grew by 4 percent in 2015; worldwide trade grew by 2. 8 percent. So what we do understand it that the tourist market continues to broaden and the Caribbean's growth has been favorable for some time now. So I think on the whole, the Caribbean is succeeding.
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The Caribbean Hotel & Tourism did do a study on the disturbance that Cuba might trigger. But among the points that there is, is that the U.S. is the only country that has the embargo on Cuba and other nations have actually been traveling to Cuba without any disturbance 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 entering into the Caribbean, so I believe it is both a challenge and a chance. But I believe as long the Caribbean does deal with its competitive problems and does remain able to contend with 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 unanticipated to the chairman, which shows the value 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 delving into these issues and determining manner ins which we can engage more, particularly due to Venezuela as we have actually talked about, and what may or might not take place with Petrocaribe. I think there is excellent opportunity. I discuss jobs, energy, and the founding fathers all the time.
So witnesses are reminded there may be other questions that are sent and we ask you to react to those. We will leave the record open for 10 days. And we want to thank you Eric, Sally, and Ambassador. What do you need to finance a car. 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 gratitude to you for your management and chairing of the committee and for convening this session to provide 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 wanted to concentrate on this concern and I am pleased he did. We were welcome to, delighted to accommodate him and I appreciate that. It kind of directed my focus towards the area and I am super grateful that he did. So we will look forward to seeing you in September after this break and I hope everybody has a great break as well. And with that https://www.facebook.com/wesleyfinancialgroup/ 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 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), which has a provision (Area 546) extending the deadline needing U.S. residents traveling by land or sea 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 accredit certain requirements regarding the brand-new file or passport card being developed.
people to have passports for travel by air 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 prepared for political violence, however the elections were the most peaceful and orderly in current history, according to the Carter Center, which observed the elections. On July 3, 2006, Haiti's participation in the Caribbean Neighborhood (CARICOM) was officially renewed at the organization's top in St. Kitts and Nevis. https://www.linkedin.com/company/wesleyfinancialgroup Haiti's involvement 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 independence and extending best wishes to Guyana for peace and additional advancement, progress, and prosperity. On April 22, 2006, Guyana's Agriculture minister, in addition to his two siblings and a security guard, were shot and eliminated in an apparent break-in. On April 12, 2006, U.S. and CARICOM trade authorities satisfying in Washington began initial exploration of a potential totally free trade contract. The officials likewise accepted revitalize an inactive U.S.-CARICOM Trade and Investment Council that had actually originally developed in the early 1990s. On March 30, 2006, Portia Simpson Miller was sworn in as Jamaica's very first female Prime Minister.