They still believe they are going to see Hemingway having a beverage over there at La Bodeguita. So how do you see that taking place? What do you see happening there as tourist keeps increasing and people don't go to the other locations? Yes (Which of the following approaches is most suitable for auditing the finance and investment cycle?). Mr. Bernal. The return of Cuba to as a destination for American tourists has both unfavorable and positive effects. In the short run it is a new location. It is going to attract a great deal of investment and travelers there, and that might divert, alternatives to timeshares especially, tourists from the closest islands to Cuba such as the Bahamas and Dominican Republic, but it might affect the entire Caribbean.
What is necessary for the Caribbean is to do the following: One, to maintain the freshness of the tourism item and its international competitiveness in price and quality; and second of all, to look for the possibility of multiple destination tourism. That is, a long time in Cuba, a long time in the rest of the Caribbean, discover collective methods. Last but not least, the Caribbean has significant tourist competence and management which it can provide to Cuba in developing Cuban tourism. Among the essential things is to ensure that as airlift comes from new markets like China that the Caribbean likewise makes certain that it is competitive with the new destinations.
So the Caribbean faces competition, however it is an industry in the Caribbean which has revealed an ability to remain internationally competitive and appealing. I have no doubt that the industry will continue to grow, but it needs to up its video game because of the brand-new competitors. Ms. Yearwood. I do not have a lot to contribute to Ambassador Bernal's point. International tourist grew by 4 percent in 2015; global trade grew by 2. 8 percent. So what we do understand it that the tourism market continues to expand and the Caribbean's growth has actually been positive for some time now. So I think on the whole, the Caribbean is doing well.
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The Caribbean Hotel & Tourist did do a research study on the disruption that Cuba might trigger. However among the points that there is, is that the U.S. is the only nation that has the embargo on Cuba and other nations have actually been traveling to Cuba with no disturbance 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 wesley timeshare cancel market entering into the Caribbean, so I think it is both a difficulty and an opportunity. However I think as long the Caribbean does work on its competitive problems and does stay able to take on Cuba on cost and quality they must be fine.
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 unexpected to the chairman, which reveals the significance that the Caribbean region is to our subcommittee, to Congress as a whole, and I think to the government. We are going to continue diving into these concerns and finding out methods that we can engage more, especially because of Venezuela as we have discussed, and what might or might not occur with Petrocaribe. I think there is excellent chance. I speak about tasks, energy, and the founding dads all the time.
So witnesses are reminded there may be other questions that are submitted and we ask you to respond to those. We will leave the record open for 10 days. And we wish to thank you Eric, Sally, and Ambassador. What does nav stand for in finance. Thanks for coming and I eagerly anticipate continuing the conversation. Yes, thank you. Yes, sir. Mr. Bernal. It would be remiss of us if we didn't position 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 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 issue and I am thankful he did. We were welcome to, happy to accommodate him and I value that. It kind of directed my focus toward the region and I am extremely pleased that he did. So we will anticipate seeing you in September after this break and I hope everyone has a great 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 OFFERED 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 an arrangement (Area 546) extending the due date needing U.S. citizens traveling by land or sea in between the United States and the Caribbean (along with Canada, Mexico, and Central and South America) to have passports or other files denoting 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 jointly certify certain requirements regarding the brand-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 national elections in which President Baharrat Jagdeo was re-elected with nearly 55% of the vote. Some observers had anticipated political violence, but 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 Community (CARICOM) was formally renewed at the company's summit in St. Kitts and Nevis. Haiti's participation 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 dreams to Guyana for peace and further advancement, progress, and prosperity. On April 22, 2006, Guyana's Agriculture minister, together with his two brother or sisters and a security personnel, were shot and killed in an apparent robbery. On April 12, 2006, U.S. and CARICOM trade officials satisfying in Washington started initial exploration of a possible open market contract. The officials also accepted renew a dormant U.S.-CARICOM Trade and Financial Investment Council that had actually initially developed in the early 1990s. On March 30, 2006, Portia Simpson Miller was sworn in as Jamaica's first female Prime Minister.