They still believe 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 taking place there as tourist keeps increasing and people do not go to the other destinations? Yes (What is a finance charge on a credit card). Mr. Bernal. The return of Cuba to as a destination for American travelers has both unfavorable and positive effects. In the brief run it is a new destination. It is going to attract a lot of financial investment and tourists there, and that might divert, especially, travelers from the nearby islands to Cuba such as the Bahamas and Dominican Republic, but it might impact the whole Caribbean.
What is very important for the Caribbean is to do the following: One, to maintain the freshness of the tourist item and its international competitiveness in price and quality; and second of all, to try to find the possibility of multiple location tourist. That is, some time in Cuba, some time in the remainder of the Caribbean, find collective ways. Finally, the Caribbean has significant tourism expertise and management which it can provide to Cuba in constructing Cuban tourism. Among the important things is to guarantee that as airlift originates from new markets like China that the Caribbean likewise makes sure that it is competitive with the brand-new destinations.
So the Caribbean deals Visit this site with competition, but it is a market in the Caribbean which has revealed a capability to remain globally competitive and appealing. I believe that the industry will continue to grow, but it requires to up its video game due to the fact that of the brand-new competition. Ms. Yearwood. I don't have a lot to contribute to Ambassador Bernal's point. International tourism grew by 4 percent in 2015; global trade grew by 2. 8 percent. So what we do know it that the tourism market continues to expand and the Caribbean's development has actually been favorable for some time now. So I think on the whole, the Caribbean is succeeding.
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The Caribbean Hotel & Tourism did do a research study on the disturbance that Cuba could cause. But 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 with no interference forever, I think, therefore 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 an obstacle and an opportunity. But I believe as long the Caribbean does deal with its competitive problems and does remain able to complete with Cuba on cost and quality they must 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 unforeseen to the chairman, which shows 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 manner ins which we can engage more, especially in light of Venezuela as we have spoken about, and what might or might not occur with Petrocaribe. I think there is fantastic opportunity. I speak about jobs, energy, and the starting dads all the time.
So witnesses are reminded there may be other concerns that are submitted and we ask you to respond Informative post to those. We will leave the record open for 10 days. And we wish to thank you Eric, Sally, and Ambassador. Trade credit may be used to finance a major part of a firm's working capital when. 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 management and chairing of the committee and for assembling this session to provide 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 problem and I am pleased he did. We were welcome to, pleased to accommodate him and I value that. It type of directed my focus toward the region and I am extremely glad that he did. So we will eagerly anticipate seeing you in September after this break and I hope everyone has a great 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 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 deadline requiring U.S. residents 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 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 license certain requirements relating to 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 nationwide elections in which President Baharrat Jagdeo was re-elected with almost 55% of the vote. Some observers had actually expected political violence, but the elections were the most serene and orderly in recent history, timeshare cancellation services according to the Carter Center, which observed the elections. On July 3, 2006, Haiti's participation in the Caribbean Community (CARICOM) was formally reinstated at the company's top 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 development, progress, and prosperity. On April 22, 2006, Guyana's Agriculture minister, along with his 2 siblings and a guard, were shot and eliminated in an evident robbery. On April 12, 2006, U.S. and CARICOM trade authorities fulfilling in Washington started initial exploration of a potential complimentary trade contract. The officials likewise concurred to revitalize an inactive U.S.-CARICOM Trade and Investment Council that had actually originally developed in the early 1990s. On March 30, 2006, Portia Simpson Miller was sworn in as Jamaica's very first female Prime Minister.