They still think they are going to see Hemingway having a drink over there at La Bodeguita. So how do you see that taking place? What do you see happening there as tourism keeps increasing and people don't go to the other destinations? Yes (What does ach stand for in finance). Mr. Bernal. The return of Cuba to as a location for American travelers 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 could divert, especially, tourists from the nearby islands to Cuba such as the Bahamas and Dominican Republic, but it might affect the whole Caribbean.
What is essential for the Caribbean is to do the following: One, to preserve the freshness of the tourism product and its global competitiveness in cost and quality; and secondly, to try timeshare warrior to find the possibility of multiple location tourism. That is, some time in Cuba, a long Additional resources time in the rest of the Caribbean, find collective ways. Finally, the Caribbean has incredible tourist proficiency and management which it can provide to Cuba in developing Cuban tourist. Among the essential things is to guarantee that as airlift originates from brand-new markets like China that the Caribbean also ensures that it is competitive with the brand-new locations.
So the Caribbean faces competitors, but it is a market in the Caribbean which has actually revealed an ability to stay worldwide competitive and appealing. I have no doubt that the industry will continue to grow, however it needs to up its game because 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; worldwide trade grew by 2. 8 percent. So what we do understand it that the tourism market continues to broaden and the Caribbean's development has been positive for awhile now. So I believe on the whole, the Caribbean is doing well.
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The Caribbean Hotel & Tourism did do a study on the disruption that Cuba might cause. But among the points that there is, is that the U.S. is the only country that has the embargo on Cuba and other countries have been taking a trip to Cuba without any interference forever, I guess, therefore 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 believe it is both an obstacle and a chance. But I think as long the Caribbean does work on its competitive concerns and does remain able to take on Cuba on cost and quality they ought to be alright.
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 reveals the importance that the Caribbean area is to our subcommittee, to Congress as a whole, and I think to the federal government. We are going to continue delving into these concerns and figuring wesley financial group fees out manner ins which we can engage more, particularly due to Venezuela as we have actually spoken about, and what may or might not occur with Petrocaribe. I believe there is great opportunity. I talk about jobs, energy, and the starting daddies all the time.
So witnesses are advised there may 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 desire to thank you Eric, Sally, and Ambassador. What credit score is needed 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 appreciation 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 position on record our appreciation.
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Mr. Duncan. Well, let's put the attention where it is directed. My ranking member desired to concentrate on this concern and I am thankful he did. We were welcome to, delighted to accommodate him and I value that. It type of directed my focus towards the region and I am very pleased that he did. So we will anticipate seeing you in September after this break and I hope everybody has an excellent 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 Region: 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 due date needing U.S. people taking a trip by land or sea between the United States and the Caribbean (as well as Canada, Mexico, and Central and South America) to have passports or other documents 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 license certain requirements concerning the new file or passport card being developed.
people 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 national elections in which President Baharrat Jagdeo was re-elected with practically 55% of the vote. Some observers had actually anticipated political violence, but the elections were the most tranquil and orderly 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 reinstated at the company's summit 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 self-reliance and extending finest dreams to Guyana for peace and further advancement, progress, and success. On April 22, 2006, Guyana's Agriculture minister, along with his 2 siblings and a guard, were shot and killed in an evident break-in. On April 12, 2006, U.S. and CARICOM trade authorities meeting in Washington started initial expedition of a prospective open market agreement. The authorities also consented to rejuvenate an inactive U.S.-CARICOM Trade and Investment Council that had initially developed in the early 1990s. On March 30, 2006, Portia Simpson Miller was sworn in as Jamaica's very first female Prime Minister.