They still think they are visiting Hemingway having a beverage over there at La Bodeguita. So how do you see that taking place? What do you see occurring there as tourism keeps increasing and people do not go to the other locations? Yes (How old of a car will a bank finance). Mr. Bernal. The return of Cuba to Extra resources as a destination for American travelers has both unfavorable and favorable effects. In the short run it is a new location. It is going to draw in a great wesley place nashville deal of financial investment and tourists there, and that could divert, especially, tourists from the closest islands to Cuba such as the Bahamas and Dominican Republic, however it could affect the whole Caribbean.
What is essential for the Caribbean is to do the following: One, to keep the freshness of the tourist item and its worldwide competitiveness in price and quality; and second of all, to search for the possibility of numerous destination tourism. That is, some time in Cuba, a long time in the remainder of the Caribbean, discover collective ways. Finally, the Caribbean has significant tourist proficiency and management which it can provide to Cuba in constructing Cuban tourism. Among the vital things is to make sure that as airlift comes from brand-new markets like China that the Caribbean likewise ensures that it is competitive with the brand-new locations.
So the Caribbean deals with competitors, 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, however it requires to up its game since of the brand-new competitors. Ms. Yearwood. I do not have a lot to contribute 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 tourist market continues to expand and the Caribbean's growth has been positive 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 interruption that Cuba might cause. However among 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 taking a trip to Cuba without any interference permanently, I guess, therefore that market is safe. You have the Canadians, the Europeans. To Ambassador Bernal's point the emerging Chinese and Asian market entering the Caribbean, so I believe it is both a challenge and a chance. But I think as long the Caribbean does deal with its competitive issues and does stay able to complete with Cuba on cost and quality they ought 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 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 methods that we can engage more, specifically because of Venezuela as we have actually spoken about, and what might or may not occur with Petrocaribe. I believe there is excellent chance. I discuss jobs, energy, and the starting dads all the time.
So witnesses are advised there might be other questions 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. How to finance a franchise with no money. 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 management and chairing of the committee and for convening this session to provide us a chance to share some views with you, and we position on record our appreciation.
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Mr. Duncan. Well, let's put the attention where it is directed. My ranking member wished to focus on this concern and I am glad he did. We were welcome to, pleased to accommodate him and I value that. It sort of directed my focus towards the area and I am extremely glad that he did. So we will look forward to seeing you in September after this break and I hope everybody 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 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 due date needing U.S. residents taking a trip by land or sea between the United States and the Caribbean (as well as Canada, Mexico, and Central and South America) to have passports or other documents signifying 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 requirements relating to the new file or passport card being established.
people to have passports for travel by air in 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 almost 55% of the vote. Some observers had prepared for political violence, but the elections were the most tranquil and organized 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 officially reinstated at the organization'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, recognizing the 40th anniversary of Guyana's self-reliance and extending best wishes to Guyana for peace and additional advancement, development, and success. On April 22, 2006, Guyana's Farming minister, along with his two siblings and a security guard, were shot and eliminated in an obvious robbery. On April 12, 2006, U.S. and CARICOM trade officials fulfilling in Washington began preliminary expedition of a potential open market agreement. The officials also consented to revitalize a dormant U.S.-CARICOM Trade and Financial Investment Council that had initially established in the early 1990s. On March 30, 2006, Portia Simpson Miller was sworn in as Jamaica's first female Prime Minister.