They still believe they are visiting Hemingway having a beverage over there at La Bodeguita. So how do you see that taking place? What do you see happening there as tourist keeps increasing and people do not go to the other destinations? Yes (What is internal rate of return in finance). Mr. Bernal. The return of Cuba to as a destination for American tourists has both negative and favorable results. In the short run it is a new destination. It is going to draw in a great deal of investment and travelers there, which could divert, especially, travelers from the closest islands to Cuba such as the Bahamas and Dominican Republic, but it could impact the entire Caribbean.
What is very important for the Caribbean is to do the following: One, to maintain the freshness of the tourist item and its global competitiveness in rate Homepage and quality; and secondly, to look for the possibility of numerous location tourist. That is, some time in Cuba, some time in the rest of the Caribbean, discover collaborative ways. Last but not least, the Caribbean has incredible tourist know-how and management which it can provide to Cuba in constructing Cuban tourist. One of the important things is to ensure that as airlift originates from new markets like China that the Caribbean likewise makes certain that it is competitive with the new destinations.
So the Caribbean deals with competitors, but it is an industry in the Caribbean which has shown a capability to remain globally competitive and appealing. I have no doubt that the industry will continue to grow, however it needs to up its video game since of the new competition. Ms. Yearwood. I do not have a lot to add to Ambassador Bernal's point. International tourist grew by 4 percent in 2015; global trade grew by 2. 8 percent. So what we do know it that the tourism market continues to broaden and the Caribbean's development has actually been favorable for some time now. So I think on the whole, the Caribbean is doing well.
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The Caribbean Hotel & Tourist did do a research study on the disruption that Cuba might cause. However one of the points that there is, is that the U.S. is the only country that has the embargo on Cuba and other countries have actually been taking a trip to Cuba without any 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 entering the Caribbean, so I think it is both a difficulty and an opportunity. However I think as long the Caribbean does deal with its competitive concerns and does remain able to take on what happens if you stop paying on your timeshare Cuba on cost and quality they need to be okay.
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 unanticipated to the chairman, and that reveals the significance that the Caribbean area is to our subcommittee, to Congress as a whole, and I think to the federal government. We are going to continue diving into these problems and finding out manner ins which we can engage more, particularly in light of Venezuela as we have discussed, and what might or may not occur with Petrocaribe. I think there is great chance. I speak about jobs, energy, and the founding fathers all the time.
So witnesses are reminded there may be other concerns that are sent and we ask you to react to those. We will leave the record open for 10 days. And we wish to thank you Eric, Sally, and Ambassador. What jobs can i get with a finance degree. 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 leadership and chairing of the committee and for convening this session to give us an opportunity 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 wanted to focus on this problem and I am pleased he did. We were welcome to, happy to accommodate him and I value that. It sort of directed my focus toward the area and I am extremely happy that he did. So we will eagerly anticipate seeing you in September after this break and I hope everybody 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 ---------- Product Submitted for the Record < [GRAPHIC( S) NOT READILY AVAILABLE IN TIFF FORMAT] [all].
Caribbean Region: Problems 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 requiring U.S. residents http://kylerhhny346.fotosdefrases.com/how-how-to-cite-yahoo-finance-apa-can-save-you-time-stress-and-money taking a trip by land or sea in between the United States and the Caribbean (along with Canada, Mexico, and Central and South America) to have passports or other documents representing 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 certain requirements relating to the brand-new file or passport card being established.
people to have passports for travel by air between the United States and the Caribbean (along with Canada and Mexico.) On August 28, 2006, Guyana held nationwide elections in which President Baharrat Jagdeo was re-elected with practically 55% of the vote. Some observers had actually anticipated political violence, however the elections were the most tranquil and organized in recent history, according to the Carter Center, which observed the elections. On July 3, 2006, Haiti's involvement in the Caribbean Community (CARICOM) was formally restored at the organization's summit in St. Kitts and Nevis. Haiti's involvement 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, recognizing the 40th anniversary of Guyana's independence and extending finest dreams to Guyana for peace and more advancement, progress, and prosperity. On April 22, 2006, Guyana's Farming minister, along with his 2 brother or sisters and a security personnel, were shot and killed in an apparent break-in. On April 12, 2006, U.S. and CARICOM trade authorities meeting in Washington started initial exploration of a potential open market arrangement. The authorities also consented to rejuvenate an inactive U.S.-CARICOM Trade and Investment Council that had originally developed in the early 1990s. On March 30, 2006, Portia Simpson Miller was sworn in as Jamaica's very first female Prime Minister.