They still think they are going to see Hemingway having a beverage over there at La Bodeguita. So how do you see that happening? What do you see taking place there as tourist keeps increasing and people don't go to the other destinations? Yes (What is a swap in finance). Mr. Bernal. The return of Cuba to as a location for American tourists has both unfavorable and favorable results. In the brief run it is a brand-new destination. It is going to draw in a lot of investment and travelers there, which might divert, particularly, tourists from the nearby islands to Cuba such as the Bahamas and Dominican Republic, however it might impact the entire Caribbean.
What is essential for the Caribbean is to do the following: One, to maintain the freshness of the tourist product and its worldwide competitiveness in cost and quality; and second of all, to try to find the possibility of numerous location tourist. That is, some time in Cuba, a long time in the rest of the Caribbean, discover collaborative methods. Lastly, the Caribbean has significant tourism know-how and management which it can provide to Cuba in constructing Cuban tourist. One of the important things is to ensure that as airlift comes from new markets like China that the Caribbean also ensures that it is competitive with the brand-new locations.
So the Caribbean faces competition, but it is a market in the Caribbean which has shown an ability to remain globally competitive and attractive. I believe that the market will continue to grow, however it requires to up its video game due to the fact that of the new competitors. Ms. Yearwood. I do not 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 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 doing well.
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The Caribbean Hotel & Tourism did do a study on the disturbance that Cuba might cause. However one of the points that there is, is that the sirius cancellation U.S. is the only country that has the embargo on Cuba and other countries have been traveling to Cuba without any 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 believe it is both a challenge and a chance. However I think as long the Caribbean does deal with its competitive concerns and does stay able to take on Cuba on expense and quality they must be alright.
Sires. Thank you. Mr. Duncan. Well, as you can see, on a what timeshare means day when sessions end and people are leaving town we have the committee members come even unanticipated to the chairman, which reveals the significance that the Caribbean area is to our subcommittee, to Congress as a whole, 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, specifically in light of Venezuela as we have discussed, and what may or may not take place with Petrocaribe. I think there is terrific opportunity. I discuss jobs, energy, and the founding 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. What does ach stand for in finance. Thanks for coming and I look forward to continuing the discussion. 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 assembling this session to give 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 desired to focus on this issue and I am glad he did. We were welcome to, delighted to accommodate him and I value that. It type of directed my focus toward the region and I am incredibly delighted that he did. So we will look forward to 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 ---------- 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 an arrangement (Area 546) extending the deadline needing U.S. residents 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 files denoting 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 jointly certify certain criteria regarding the new file or passport card being established.
residents to have passports for travel by air in 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% of the vote. Some observers had prepared for political violence, but the elections were the most peaceful and organized 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 renewed at the company'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, acknowledging the 40th anniversary of Guyana's independence and extending best dreams to Guyana for peace and further development, development, and prosperity. On April 22, 2006, Guyana's Agriculture minister, together with his two brother or sisters and a security personnel, were shot and eliminated in an evident break-in. On April 12, 2006, U.S. and CARICOM trade authorities satisfying in Washington began preliminary exploration of a prospective complimentary trade agreement. The officials also accepted rejuvenate an inactive 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.