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They still believe they are visiting Hemingway having a drink over there at La Bodeguita. So how do you see that happening? What do you see taking place there as tourism keeps increasing and people don't go to the other destinations? Yes (What was the reconstruction finance corporation). Mr. Bernal. The return of Cuba to as a destination for American travelers has both negative and positive results. In the brief run it is a new location. It is going to bring in a great deal of financial investment and tourists there, which could divert, particularly, travelers from the closest 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 maintain the freshness of the tourism item and its global competitiveness in rate and quality; and secondly, to search for the possibility of multiple location tourist. That is, a long time in Cuba, a long time in the rest of the Caribbean, find collective ways. Lastly, the Caribbean has remarkable tourist proficiency and management which it can offer to Cuba in developing Cuban tourism. One of the essential things is to make sure that as airlift comes from brand-new markets like China that the Caribbean also makes certain that it is competitive with the new destinations.

So the Caribbean deals with competitors, however it is a market in the Caribbean which has shown an ability to remain globally competitive and appealing. I have no doubt that the industry will continue to grow, however it needs to up its game since of the new competitors. Ms. Yearwood. I don't have a lot to contribute to Ambassador Bernal's point. International tourism 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 broaden and the Caribbean's development has actually been positive for some time now. So I believe 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 trigger. 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 taking a trip to Cuba without any disturbance forever, 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 entering the Caribbean, so I believe it is both a challenge and a chance. However I believe as long the Caribbean does work on its competitive problems and does remain able to take on Cuba on cost and quality they must be alright.

Sires. Thank you. Mr. Duncan. Well, as read more 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 reveals the http://rylandkis727.image-perth.org/little-known-questions-about-how-much-does-a-finance-manager-make value that the Caribbean region is to our subcommittee, to Congress as a whole, and I think to the federal government. We are going to continue delving into these concerns and determining ways that we can engage more, specifically due to Venezuela as we have spoken about, and what may or might not happen with Petrocaribe. I think there is great opportunity. I discuss tasks, energy, and the founding daddies all the time.

So witnesses are advised there may 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 an investment property. Thanks for coming and I look forward to continuing the conversation. Yes, thank you. Yes, sir. Mr. Bernal. It would be remiss of us if we didn't put on record our appreciation to you for your management and chairing of the committee and for convening this session to give us an opportunity 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 desired 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 region and I am extremely delighted that he did. So we will anticipate seeing you in September after this break and I hope everyone has a great 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 READILY AVAILABLE IN TIFF FORMAT] [all].

Caribbean Area: 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 deadline needing U.S. citizens traveling 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 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 jointly accredit specific requirements concerning the new document or passport card being developed.

people to have passports for travel by air in 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 expected political violence, but 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 involvement in the Caribbean Neighborhood (CARICOM) was formally renewed at the company's top in St. Kitts and Nevis. Haiti's participation 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 Informative post self-reliance and extending finest dreams to Guyana for peace and additional development, progress, and success. On April 22, 2006, Guyana's Farming minister, along with his two brother or sisters and a security personnel, were shot and eliminated in an apparent break-in. On April 12, 2006, U.S. and CARICOM trade officials meeting in Washington began preliminary expedition of a possible open market agreement. The authorities likewise consented to renew an inactive 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 very first female Prime Minister.