They still think they are visiting Hemingway having a drink over there at La Bodeguita. So how do you see that taking place? What do you see occurring there as tourist keeps increasing and people don't go to the other destinations? Yes (What does etf stand for in finance). Mr. Bernal. The return of Cuba to as a location for American tourists has both unfavorable and favorable impacts. In the brief run it is a brand-new location. It is going to attract a lot of investment and tourists there, and that could divert, particularly, travelers from the closest islands to Cuba such as the Bahamas and Dominican Republic, however it could affect the whole Caribbean.
What is necessary for the Caribbean is to do the following: One, to maintain the freshness of the tourism item and its global competitiveness in rate and quality; and secondly, to search for the possibility of multiple destination tourist. That is, a long time in Cuba, some time in the rest of the Caribbean, discover collaborative ways. Finally, the Caribbean has significant tourist knowledge and management which it can offer to Cuba in developing Cuban tourist. Among the important things is to make sure that as airlift originates from new markets like China that the Caribbean also makes sure that it is competitive with the brand-new locations.
So the Caribbean faces competition, however it is a market in the Caribbean which has revealed a capability to stay globally competitive and attractive. I believe that the market will continue to grow, but it requires 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; international 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 favorable for awhile now. So I believe on the whole, the Caribbean is doing well.
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The Caribbean Hotel & Tourist did do a study on the disturbance that Cuba could trigger. However one of 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 taking a trip to what is a vacation club Cuba with no disturbance permanently, I think, and so 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 an opportunity. But I think as long the Caribbean does work on its competitive concerns and does stay able to take on Cuba on expense and quality they should be alright.
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, and that reveals the importance 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 problems and finding out methods that we can engage more, particularly due to Venezuela as we have actually talked about, and what may or may not occur with Petrocaribe. I believe there is excellent opportunity. I talk about jobs, energy, and the starting dads all the time.
So witnesses are reminded there might be other concerns that are submitted 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 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 appreciation to you for your leadership and chairing of the committee and for convening this session to give 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 concentrate on this problem and I am glad 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 incredibly delighted that he did. So we will anticipate seeing you in September after this break and I hope everyone has an excellent break as well. And with that timeshare floating week explanation the committee will stand adjourned. [Whereupon, at 3:39 p. m., the subcommittee was adjourned.] A P P E N D I https://www.evernote.com/shard/s590/sh/77f12dfb-d9d0-6348-8516-404d85979c17/0a63bdb762afa5f567072bac573e2cfa 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 a provision (Section 546) extending the deadline needing U.S. people 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 collectively certify certain requirements concerning the brand-new file or passport card being established.
citizens 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 nearly 55% of the vote. Some observers had expected political violence, however the elections were the most serene and organized 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 organization'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 self-reliance and extending finest desires to Guyana for peace and more advancement, development, and success. On April 22, 2006, Guyana's Agriculture minister, along with his two siblings and a security personnel, were shot and killed in an evident robbery. On April 12, 2006, U.S. and CARICOM trade officials meeting in Washington started preliminary expedition of a prospective open market arrangement. The officials also accepted rejuvenate a dormant U.S.-CARICOM Trade and Financial Investment Council that had actually originally established in the early 1990s. On March 30, 2006, Portia Simpson Miller was sworn in as Jamaica's first female Prime Minister.