They still believe 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 do you need to finance a car). Mr. Bernal. The return of Cuba to as a location for American travelers has both unfavorable and favorable results. In the brief run it is a brand-new destination. It is going to attract a lot of investment and tourists there, which might divert, especially, travelers from the nearest islands to Cuba such as the Bahamas and Dominican Republic, but it could affect the whole Caribbean.
What is important for the Caribbean is to do the following: One, to maintain the freshness of the tourist foreclosure on timeshare item and its global competitiveness in price and quality; and secondly, to look for the possibility of several location tourist. That is, a long time in Cuba, some time in the remainder of the Caribbean, find collaborative methods. Finally, the Caribbean has remarkable tourism know-how and management which it can use to Cuba in constructing Cuban tourism. One of the important things is to ensure that as airlift originates from brand-new markets like China that the Caribbean also makes certain that it is competitive with the new locations.
So the Caribbean deals with competitors, however it is a market in the Caribbean which has revealed a capability Find out more to stay worldwide competitive and appealing. I have no doubt that the market will continue to grow, however it requires to up its game since of the brand-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; global trade grew by 2. 8 percent. So what we do know it that the tourism market continues to broaden and the Caribbean's development has 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 study on the disruption that Cuba could 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 countries have been traveling to Cuba without any disturbance forever, I think, and so that market read more 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 a challenge and an opportunity. However I think as long the Caribbean does work on its competitive problems and does stay able to compete with Cuba on cost 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 unforeseen to the chairman, and that reveals the importance that the Caribbean area 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 finding out ways that we can engage more, particularly due to Venezuela as we have talked about, and what might or might not take place with Petrocaribe. I believe there is great opportunity. I speak about tasks, energy, and the starting dads all the time.
So witnesses are advised there may be other questions that are sent 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. How to finance an investment property. 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 put on record our gratitude 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 place 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, pleased to accommodate him and I value that. It kind of directed my focus toward the region and I am super happy that he did. So we will eagerly anticipate seeing you in September after this break and I hope everyone has an excellent break too. 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 a provision (Section 546) extending the deadline requiring 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 documents 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 collectively accredit particular requirements regarding the new document or passport card being established.
citizens to have passports for travel by air between the United States and the Caribbean (along with 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 actually expected political violence, however the elections were the most tranquil and organized 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 reinstated at the company's top 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, acknowledging the 40th anniversary of Guyana's self-reliance and extending best dreams to Guyana for peace and additional advancement, progress, and prosperity. On April 22, 2006, Guyana's Agriculture minister, along with his two brother or sisters and a security guard, were shot and killed in an obvious robbery. On April 12, 2006, U.S. and CARICOM trade authorities satisfying in Washington began initial exploration of a potential open market agreement. The authorities also consented to rejuvenate a dormant U.S.-CARICOM Trade and Financial Investment Council that had originally developed in the early 1990s. On March 30, 2006, Portia Simpson Miller was sworn in as Jamaica's first female Prime Minister.