They still believe 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 finance charge on a credit card). Mr. Bernal. The return of Cuba to as a location for American tourists has both unfavorable and positive impacts. In the brief run it is a new location. It is going to draw in a great deal of financial investment and tourists there, and that could divert, especially, travelers from the nearest islands to Cuba such as the Bahamas and Dominican Republic, but it could impact the entire Caribbean.
What is necessary for the Caribbean is to do the following: One, to keep the freshness of the tourist product and its global competitiveness in price and quality; and second of all, to search for the possibility of multiple location tourism. That is, a long time in Cuba, a long time in the remainder of the Caribbean, discover collective methods. Lastly, the Caribbean has remarkable tourism competence and management which it can provide to Cuba in constructing Cuban tourism. One of the vital things is to ensure that as airlift originates from new markets like China that the Caribbean also ensures that it is competitive with the new locations.
So the Caribbean deals with competition, but it is a market in the Caribbean which has shown a capability 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 new competition. Ms. Yearwood. I do not have a lot to include to Ambassador Bernal's point. International tourism grew by 4 percent in 2015; worldwide 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 some time now. So I believe 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 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 actually been traveling 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 think it is both an obstacle and an opportunity. However I think as long the Caribbean does work on its competitive issues and does stay able to compete with Cuba on cost and quality they need to 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 unanticipated to the chairman, and that reveals the significance that the Caribbean region is to our subcommittee, to Congress as an entire, and I think to the federal government. We are going to continue diving into these problems and determining methods that we can engage more, especially due to Venezuela as we have actually spoken about, and what might or may not take place with Petrocaribe. I think there is excellent opportunity. I talk about tasks, energy, and the starting fathers all the time.
So witnesses are advised 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. Which of the following can be described as involving direct finance. Thanks for coming and I anticipate continuing the conversation. Yes, thank you. Yes, sir. Mr. Bernal. It would be remiss of us if we didn't place on record our gratitude to you for your leadership and chairing of the committee and for assembling this session to offer us a chance to share some views with you, and we position on record our gratitude.
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Mr. Duncan. Well, let's put the attention where it is directed. My ranking member desired to focus on this concern and I am glad he did. We were welcome to, delighted to accommodate him and I value that. It sort of directed my focus towards the area and I am super pleased that he did. So we will anticipate seeing you in September after this break and I hope everybody has an excellent 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 Area: Concerns 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. citizens taking a trip by land or sea in between the United States and the Caribbean (as well as 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 license specific criteria concerning the brand-new file or passport card being developed.
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% https://www.businesswire.com/news/home/20190911005618/en/Wesley-Financial-Group-Continues-Record-Breaking-Pace-Timeshare of the vote. Some observers had actually expected political violence, however the elections were the most serene and orderly in recent history, according to the Carter Center, which observed the elections. On July 3, 2006, Haiti's involvement in the Caribbean Community (CARICOM) was formally restored at the company's top in St. Kitts and Nevis. Haiti's involvement 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, recognizing the 40th anniversary of Guyana's self-reliance and extending best wishes to Guyana for peace and additional advancement, progress, and success. On April 22, 2006, Guyana's Agriculture minister, in addition to his 2 brother or sisters and a security personnel, were shot and killed in an obvious break-in. On April 12, 2006, U.S. and CARICOM trade officials fulfilling in https://www.businesswire.com/news/home/20191008005127/en/Wesley-Financial-Group-Relieves-375-Consumers-6.7 Washington started preliminary exploration of a possible complimentary trade contract. The officials likewise consented to rejuvenate a dormant U.S.-CARICOM Trade and Investment Council that had initially developed in the early 1990s. On March 30, 2006, Portia Simpson Miller was sworn in as Jamaica's first female Prime Minister.