They still think they are going to see Hemingway having a drink over there at La Bodeguita. So how do you see that happening? What do you see occurring there as tourism keeps increasing and people wesley financial group las vegas don't go to the other destinations? Yes (What does nav stand for in finance). Mr. Bernal. The return of Cuba to as a location for American tourists has both negative and positive results. In the short run it is a new location. It is going to bring in a lot of financial investment and travelers there, which could divert, especially, travelers from the closest islands to Cuba such as the Bahamas and Dominican Republic, however it could impact the whole Caribbean.
What is very important for the Caribbean is to do the following: One, to keep the freshness of the tourist item and its worldwide competitiveness in rate and quality; and secondly, to look for the possibility of multiple destination tourism. That is, a long time in Cuba, some time in the remainder of the Caribbean, find collective ways. Last but not least, the Caribbean has significant tourist knowledge and management which it can use to Cuba in building Cuban tourist. One of the essential things is to guarantee that as airlift originates from brand-new markets like China that the Caribbean also makes sure that it is competitive with the brand-new locations.
So the Caribbean deals with competitors, however it is a market in the Caribbean which has actually shown an ability to remain worldwide competitive and appealing. I have no doubt that the industry will continue to grow, but it requires to up its game because of the brand-new competitors. Ms. Yearwood. I don't have a lot to include 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 positive for awhile now. So I think on the whole, the Caribbean is succeeding.
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The Caribbean Hotel & Tourist did do a study on the disruption that Cuba might trigger. 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 taking a trip to Cuba without any interference permanently, I guess, and so 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 difficulty and a chance. But I believe as long the Caribbean does work on its competitive issues and does remain able to take on Cuba on cost and quality they need to be okay.
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, and that shows wesley financial group fees the significance that the Caribbean region is to our subcommittee, to Congress as an entire, and I believe to the government. We are going to continue diving into these concerns and figuring out ways that we can engage more, specifically due to Venezuela as we have actually spoken about, and what might or may not occur with Petrocaribe. I believe there is excellent opportunity. I speak about tasks, 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 respond to those. We will leave the record open for 10 days. And we want to thank you Eric, Sally, and Ambassador. What does finance a car mean. Thanks for coming and I look forward to continuing the discussion. Yes, thank you. Yes, sir. Mr. Bernal. It would be remiss people if we didn't position on record our gratitude to you for your management and chairing of the committee and for assembling this session to offer us an opportunity to share some views with you, and we put on record our gratitude.
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Mr. Duncan. Well, let's put the attention where it is directed. My ranking member wished to focus 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 region and I am super grateful that he did. So we will anticipate seeing you in September after this break and I hope everyone has a good 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 ---------- Material Submitted for the Record < [GRAPHIC( S) NOT AVAILABLE IN TIFF FORMAT] [all].
Caribbean Area: 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 deadline needing U.S. residents traveling by land or sea in between the United States and the Caribbean (in addition to 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 criteria regarding the new document or passport card being established.
people 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 practically 55% of the vote. Some observers had actually anticipated political violence, but the elections were the most peaceful and orderly in recent history, according to the Carter Center, which observed the elections. On July 3, 2006, Haiti's participation in the Caribbean Community (CARICOM) was formally renewed at the organization's summit in St. Kitts and Nevis. 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, recognizing the 40th anniversary of Guyana's self-reliance and extending finest dreams to Guyana for peace and further development, development, and prosperity. On April 22, 2006, Guyana's Farming minister, along with his 2 siblings and a guard, were shot and killed in an apparent break-in. On April 12, 2006, U.S. and CARICOM trade authorities fulfilling in Washington started preliminary expedition of a possible open market arrangement. The officials also consented wesley financial group jobs to renew a dormant U.S.-CARICOM Trade and Financial Investment Council that had initially established in the early 1990s. On March 30, 2006, Portia Simpson Miller was sworn in as Jamaica's first female Prime Minister.