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 taking place there as tourist keeps increasing and individuals do not go to the other destinations? Yes (How to finance a house flip). Mr. Bernal. The return of Cuba to as a destination for American travelers has both unfavorable and favorable results. In the short run it is a new destination. It is going to draw in a great deal of financial investment and travelers there, which might divert, especially, tourists 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 worldwide competitiveness in rate and quality; and second of all, to search for the possibility of multiple location tourism. That is, some time in Cuba, a long time in the rest of the Caribbean, find collective ways. Last but not least, the Caribbean has significant tourist expertise and management which it can use to Cuba in constructing Cuban tourist. Among the essential things is to ensure that as airlift originates from brand-new markets like China that the Caribbean likewise ensures that it is competitive with the new destinations.
So the Caribbean faces competitors, however it is an industry in the Caribbean which has revealed a capability to stay internationally competitive and appealing. I have no doubt that the industry will continue to grow, but it requires to up its video game because of the brand-new competitors. Ms. Yearwood. I do not have a lot to contribute to Ambassador Bernal's point. International tourist grew by 4 percent in 2015; global trade grew by 2. 8 percent. So what we do understand it that the tourist market continues to broaden and the Caribbean's growth has actually been positive 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 might trigger. But 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 actually been taking a trip to Cuba without any disturbance permanently, I think, 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 a difficulty and a chance. But I think as long the Caribbean does deal with its competitive concerns and does remain able to take on Cuba on expense 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, and that reveals free timeshare trips the value that the Caribbean region is to our subcommittee, to Congress as an entire, and I believe 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 talked about, and what may or may not occur with Petrocaribe. I believe there is terrific chance. I talk about tasks, energy, and the starting 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 want to thank you Eric, Sally, and Ambassador. What happened to yahoo finance portfolios. Thanks for coming and I anticipate continuing the conversation. Yes, thank you. Yes, sir. Mr. Bernal. It would be remiss people if we didn't put on record our gratitude to you for your management and chairing of the committee and for assembling this session to give 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 wished to focus on this problem and I am grateful he did. We were welcome to, pleased to accommodate him and I value that. It kind of directed my focus towards the area and I am very glad that he did. So we will eagerly anticipate seeing you in September after this break and I hope everyone has a good 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 ---------- Material Submitted for the Record < [GRAPHIC( S) NOT OFFERED IN TIFF FORMAT] [all].
Caribbean Region: 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 due date requiring U.S. people traveling 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 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 license certain requirements regarding the brand-new file or passport card being developed.
people to have passports for travel by air between the United States and the Caribbean (as well as 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 actually prepared for political violence, but the elections were the most serene and orderly in current history, according to the Carter Center, which observed the elections. On July 3, 2006, Haiti's participation in the Caribbean Neighborhood (CARICOM) was officially restored at the company's top in St. Kitts and Nevis. Haiti's participation had actually been suspended after the music city grand prix concert 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 finest desires to Guyana for peace and more advancement, development, and prosperity. On April 22, 2006, Guyana's Farming minister, along with his 2 siblings and a security personnel, were shot and killed in an evident burglary. On April 12, 2006, U.S. and CARICOM trade officials meeting in Washington began initial exploration of a potential free trade arrangement. The officials also agreed to renew an inactive U.S.-CARICOM Trade and Financial Investment Council that had actually originally established in the early 1990s. On March 30, 2006, Portia Simpson Miller was sworn in as Jamaica's very first female Prime Minister.