They still believe they are going to see Hemingway having a drink over there at La Bodeguita. So how do you see that occurring? What do you see happening there as tourism keeps increasing and individuals don't go to the other locations? Yes (What does leverage mean in finance). Mr. Bernal. The return of Cuba to as a destination for American tourists has both negative and positive effects. In the short run it is a new destination. It is going to draw in a lot of investment and travelers 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 necessary for the Caribbean is to do the following: One, to keep the freshness of the tourism product and its global competitiveness in cost and quality; and second of all, to search for the possibility of multiple destination tourist. That is, a long time in Cuba, a long time in the remainder of the Caribbean, discover collective ways. Finally, the Caribbean has incredible tourist proficiency and management which it can offer to Cuba in constructing Cuban tourism. Among the important things is to ensure that as airlift comes from brand-new markets like China that the Caribbean likewise ensures that it is competitive with the brand-new locations.
So the Caribbean faces competition, but it is an industry in the Caribbean which has actually shown a capability to stay internationally competitive and attractive. I believe that the market will continue to grow, however it needs to up its video game because of the brand-new competitors. Ms. Yearwood. I don't have a lot to add to Ambassador Bernal's point. International tourist grew by 4 percent in 2015; worldwide 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 positive for some time now. So I think on the whole, the Caribbean is succeeding.
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The Caribbean Hotel & Tourism did do a research study on the disruption that Cuba could cause. But 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 been taking a trip to Cuba with no disturbance permanently, I guess, 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 think it is both a difficulty and a chance. But I think as long the Caribbean does deal with its competitive problems and does remain able to take on Cuba on expense and quality they should be all right.
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 reveals the value that the Caribbean region is to our subcommittee, to Congress as a whole, and I believe to the federal government. We are going to continue delving into these issues and figuring out ways that we can engage more, especially because of Venezuela as we have actually spoken about, and what may or may not occur with Petrocaribe. I think there is terrific opportunity. I speak about jobs, energy, and the starting daddies all the time.
So witnesses are advised there may 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. How to finance building a home. Thanks for coming and I eagerly anticipate continuing the conversation. 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 assembling this session to offer us an opportunity to share some views with you, and we put 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 issue and I am grateful he did. We were welcome to, delighted to accommodate him and I appreciate that. It kind of directed my focus toward the region and I am extremely happy that he did. So we will look forward to seeing you in September after this break and I hope everyone has an excellent break also. And with that the committee will stand adjourned. [Whereupon, at 3:39 michael goldstein hannah p. m., the subcommittee was adjourned.] A P P E N D I X ---------- Product Submitted for the Record < [GRAPHIC( S) NOT OFFERED IN TIFF FORMAT] [all].
Caribbean Region: 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 a provision (Area 546) extending the deadline needing U.S. citizens taking a trip 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 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 jointly accredit certain criteria relating to the brand-new file or passport card being developed.
people 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, 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 participation in the Caribbean Community (CARICOM) was officially renewed at the company'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, acknowledging the 40th anniversary of Guyana's independence and extending best dreams to Guyana for peace and further Home page advancement, development, and success. On April 22, 2006, Guyana's Agriculture minister, together with his two brother or sisters and a security guard, were shot and eliminated in an evident burglary. On April 12, 2006, U.S. and CARICOM trade authorities fulfilling in Washington began preliminary expedition of a potential totally free trade contract. The authorities also concurred to renew an inactive 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.