[House Hearing, 114 Congress] [From the U - How to finance a franchise with no money.S. Government Publishing Workplace] THE STRATEGIC VALUE OF BUILDING A STRONGER U.S.-- CARIBBEAN COLLABORATION ======================================================================= HEARING PRIOR TO THE SUBCOMMITTEE ON THE WESTERN HEMISPHERE OF THE COMMITTEE ON FOREIGN AFFAIRS LEGISLATURE ONE HUNDRED FOURTEENTH CONGRESS SECOND SESSION JULY 14, 2016 Serial No. 114-189 Printed for using the Committee on Foreign Affairs [GRAPHIC( S) NOT AVAILABLE IN TIFF FORMAT] Available by means of the World Wide Web: http://www. foreignaffairs.house. gov/ or http://www. gpo.gov/ fdsys/ _ U.S. FEDERAL GOVERNMENT PUBLISHING WORKPLACE 20-749PDF WASHINGTON: 2016 ----------------------------------------------------------------------- For sale by the Superintendent of Documents, U.S. Federal Government Publishing Workplace Internet: book shop.
ROYCE, California, Chairman CHRISTOPHER H. SMITH, New Jersey ELIOT L. ENGEL, New York ILEANA ROS-LEHTINEN, Florida BRAD SHERMAN, California DANA ROHRABACHER, California GREGORY W. MEEKS, New York STEVE CHABOT, Ohio ALBIO SIRES, New Jersey JOE WILSON, South Carolina GERALD E. CONNOLLY, Virginia MICHAEL T. Mc, CAUL, Texas THEODORE E. DEUTCH, Florida TED POE, Texas BRIAN HIGGINS, New York City MATT SALMON, Arizona KAREN BASS, California DARRELL E. ISSA, California WILLIAM KEATING, Massachusetts TOM MARINO, Pennsylvania DAVID CICILLINE, Rhode Island JEFF DUNCAN, South Carolina ALAN GRAYSON, Florida MO BROOKS, Alabama AMI BERA, California PAUL COOK, California ALAN S. LOWENTHAL, California RANDY K.
YOHO, Florida ROBIN L. KELLY, Illinois CURT CLAWSON, Florida BRENDAN F. BOYLE, Pennsylvania SCOTT Des, JARLAIS, Tennessee REID J. What is a consumer finance company. RIBBLE, Wisconsin DAVID A. TROTT, Michigan LEE M. ZELDIN, New York City DANIEL DONOVAN, New York City Amy Porter, Chief of Personnel Thomas Sheehy, Personnel Director Jason Steinbaum, Democratic Staff Director ------ Subcommittee on the Western Hemisphere JEFF DUNCAN, South Carolina, Chairman CHRISTOPHER H. SMITH, New Jersey ALBIO SIRES, New Jersey ILEANA ROS-LEHTINEN, Florida JOAQUIN CASTRO, Texas MICHAEL T. Mc, CAUL, Texas ROBIN L. KELLY, Illinois MATT SALMON, Arizona GREGORY W. MEEKS, New York City RON De, SANTIS, Florida ALAN GRAYSON, Florida TED S.
LOWENTHAL, California DANIEL DONOVAN, New York City C O N T E N T S ---------- Page WITNESSES Mr. Eric Farnsworth, vice president, Council of the Americas and Americas Society ... ... ... ... ... ... ... ...... 4 Ms. Sally Yearwood, executive director, Caribbean-Central American Action ... ... ... ... ... ... ... ... ... ... 10 His Excellency Richard Bernal, pro-vice chancellor for worldwide affairs, University of the West Indies in Jamaica ... ... ... 24 LETTERS, DECLARATIONS, AND SO ON, SUBMITTED FOR THE HEARING Mr. Eric Farnsworth: Prepared statement ... ... ... ...... 7 Ms. Sally Yearwood: Prepared declaration ... ... ... ...... 13 His Excellency Richard Bernal: Prepared declaration ... ...... 26 APPENDIX Hearing notification ... ... ... ... ... ... ... ... ...... 40 Hearing minutes ... ... ... ... ... ... ... ... ... ... 41 THE STRATEGIC SIGNIFICANCE OF STRUCTURE A STRONGER U.S.-- CARIBBEAN COLLABORATION ---------- THURSDAY, JULY 14, 2016 Legislature, Subcommittee on the Western Hemisphere, Committee on Foreign Affairs, Washington, DC. Jeff Duncan (chairman of the subcommittee )administering. Mr. Duncan. Okay. A quorum being present, the subcommittee will come to order.
I would now like to acknowledge myself for an opening statement. Thank you, guys, for your persistence. Today, we require to highlight a very crucial region in our hemisphere that unfortunately often gets ignored. A lot of our Caribbean friends have actually repeatedly advised the United States to pay more attention to the Caribbean, and I want you to know that I have heard you. I would also like to thank Ranking Member Sires in particular for his leadership in working to prioritize this subcommittee's focus on the Caribbean. However, while these are definitely important strengths for the region, the Caribbean has a lot more to provide which U.S. companies, universities, and regional.
neighborhoods must think about when preparing future investment, academic research, or where to establish more powerful financial ties. One of the main tools of U.S. engagement with CARICOM nations is the Caribbean Basin Effort, or CBI, which was developed in 1983. Can we turn that sound down a bit, sir? Can we turn that down simply a bit? Okay. Which was produced in 1983 and has subsequently expanded to offer 17 nations and reliant territories with duty-free access to U.S. This engagement has actually caused a 44-percent boost in U.S. exports to the Caribbean over the previous ten years, and in 2015 the total trade relationship between the U.S.
The Ultimate Guide To Corporations Finance Their Operations Using Which Of The Following?
and the Caribbean was $33. 4 billion. I think it is crucial to work with our next-door neighbors to mutually promote economic development through trade liberalization, regard for the guideline of law, and adherence to free enterprise concepts in order to attain prosperity that is sustainable for the area. How to finance a franchise with no money. In addition, I am a firm supporter of deeper U.S.-Caribbean energy relations. To me it is a great deal. U.S. possesses wesley financial group jobs an abundance of oil, natural gas, and technical proficiency, and the Caribbean has a few of the highest energy expenses in the world and needs to reduce these expenses by developing facilities for providing energy, incorporating energy markets http://miloysij765.fotosdefrases.com/what-does-what-are-the-two-ways-government-can-finance-a-budget-deficit-mean to draw in financial investment and financing, and establish pipelines and liquified natural gas structures. After all, the United States is the biggest energy producer in the Western Hemisphere; jointly with Mexico and Canada, North America accounts for 71 percent of the hemisphere.
's crude oil and 28 percent of gas reserves in the hemisphere. Similarly, Argentina, Brazil, Colombia, Peru, and Trinidad and Tobago have significant oil and gas production. In my view, freedom-loving, market-friendly, energy-producing countries in this hemisphere ought to be working more carefully together to pursue hemisphere-acquired, energy self-reliance and that suggests helping non-energy producing nations including the Caribbean neighbors in reaching this objective. Ultimately, if the Western Hemisphere were more energy independent it would go a long method to transforming our societies and security and self-reliance and our economic growth. and CARICOM. However, I remain concerned about the growing security obstacles in the region from global criminal companies that look for to utilize the area to deliver drugs, migrants, and contraband to United States shores. The Caribbean Basin.
Security Effort is another tool the United States has utilized since 2010 to address regional security problems, and given the Caribbean's strategic place to U.S. homeland, we require to keep considering methods to improve CBSI and more efficiently comply with the local partners to control borders, block criminal groups 'ability to make use of liberal environments to their advantage. I am also worried about individuals from the Caribbean that have actually signed up with Islamic extremist organizations. Southern Command, General Kelly, testified prior to Congress that close to 100 people had actually left the Caribbean to go fight in Syria. At a subsequent rundown, he particularly named Jamaica, Siriname, and Trinidad and Tobago as having had people leave for the battleground. These hazards to the United States and local security should encourage everybody; offer us all a greater desire to do more to strengthen security cooperation. Additionally, I want to point out at a previous subcommittee hearing on border security hazards in the region, I raised issues regarding reports that I had seen about citizen by financial investment programs in the Caribbean which have actually made it possible for scams, corruption, and exploitation timeshare rescission letter by foreign nationals.