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 happening there as tourism keeps increasing and people do not go to the other destinations? Yes (What jobs can i get with a finance degree). Mr. Bernal. The return of Cuba to as a destination for American tourists has both unfavorable and favorable effects. In the short run it is a new destination. It is going to attract a lot of investment and tourists there, which could divert, especially, tourists 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 keep the freshness of the tourism item and its worldwide competitiveness in cost and quality; and second of all, to search for the possibility of numerous destination tourism. That is, a long time in Cuba, a long time in the rest of the Caribbean, find collective ways. Lastly, the Caribbean has significant tourist competence and management which it can use to Cuba in building Cuban tourist. Among the necessary things is to guarantee that as airlift comes from new markets like China that the Caribbean likewise makes sure that it is competitive with the brand-new destinations.
So the Caribbean deals with competitors, however it is a market in the Caribbean which has revealed a capability to remain worldwide competitive and attractive. I have no doubt that the industry will continue to grow, but it needs to up its game due to the fact that of the new competition. 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 tourist market continues to expand and the Caribbean's development has been favorable for some time now. So I think on the whole, the Caribbean is doing well.
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The Caribbean Hotel & Tourism did do a research study on the interruption 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 actually been traveling to Cuba with no disturbance 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 coming into the Caribbean, so I believe it is both a difficulty and an opportunity. But I believe as long the Caribbean does deal with its competitive issues and does remain able to take on Cuba on expense and quality they ought to be fine.
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 unexpected to the chairman, which shows the value that the Caribbean area is to our subcommittee, to Congress as an entire, and I think to the government. We are going to continue delving into these concerns and figuring out manner ins which we can engage more, especially in light of Venezuela as we have discussed, and what might or might not occur with Petrocaribe. I think there is terrific chance. I talk about jobs, energy, and the founding dads all the time.
So witnesses are advised there might 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. What is the difference between accounting and finance. Thanks for coming and I anticipate continuing the discussion. Yes, thank you. Yes, sir. Mr. Bernal. It would be remiss people if we didn't put on record our appreciation to you for your leadership and chairing of the committee and for convening this session to give 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 wanted to focus on this issue and I am grateful he did. We were welcome to, happy to accommodate him and I appreciate that. It sort of directed my focus towards the area and I am very delighted that he did. So we will eagerly anticipate seeing you in September after this break and I hope everybody has a good 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 ---------- Product Submitted for the Record < [GRAPHIC( S) NOT READILY 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 an arrangement (Area 546) extending the deadline needing U.S. residents taking a trip by land or sea in between the United States and the Caribbean (in addition to Canada, Mexico, and Continue reading 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 jointly certify particular requirements relating to the brand-new document or passport card being developed.
citizens to have passports for travel by air in 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 practically 55% of the vote. Some observers had anticipated 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 participation in the Caribbean Neighborhood (CARICOM) was formally renewed at the organization's summit in St. Kitts and Nevis. Haiti's participation Look at more info 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 independence and extending finest desires to Guyana for peace and additional development, development, and success. On April 22, 2006, Guyana's Agriculture minister, along with his 2 siblings and a security personnel, were shot and eliminated in an evident burglary. On April 12, 2006, U.S. and CARICOM trade officials meeting in Washington began preliminary expedition of a prospective totally free trade arrangement. The officials also consented to renew a dormant U.S.-CARICOM Trade and Investment Council that had initially established in the early 1990s. On March 30, 2006, Portia Simpson Miller was sworn in as Jamaica's very first female Prime Minister.