They still believe they are visiting Hemingway having a drink 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 don't go to the other destinations? Yes (What is a swap in finance). Mr. Bernal. The return of Cuba to as a location for American tourists has both unfavorable and positive impacts. In the short run it is a brand-new location. It is going to draw in a lot of financial investment and tourists there, and that might divert, especially, travelers from the nearby islands to Cuba such as the Bahamas and Dominican Republic, but it could affect the entire Caribbean.

What is necessary for the Caribbean is to do the following: One, to maintain the freshness of the tourist product and its worldwide competitiveness in price and quality; and second of all, to search for the possibility of several location tourism. That is, some time in Cuba, a long time in the remainder of the Caribbean, discover collaborative methods. Lastly, the Caribbean has incredible tourism competence and management which it can provide to Cuba in constructing Cuban tourism. Among the necessary things is to ensure that as airlift comes from brand-new markets like China that the Caribbean likewise makes sure that it is competitive with the brand-new destinations.

So the Caribbean deals with competition, however it is a market in the Caribbean which has revealed a capability to stay worldwide competitive get rid of my timeshare and appealing. I believe that the industry will continue to grow, however it requires to up its video game due to the fact that of the brand-new competitors. Ms. Yearwood. I don't have a lot to contribute 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 expand and the Caribbean's growth has actually been favorable for some time now. So I believe on the whole, the Caribbean is succeeding.

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The Caribbean Hotel & Tourist did do a research study on the disruption that Cuba might trigger. But among 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 with no interference 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. But I believe as long the Caribbean does work on its competitive problems and does remain able to complete with Cuba on cost and quality they need to be alright.

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, and that reveals the importance that the Caribbean region is to our subcommittee, to Congress as a whole, and I believe to the government. We are going to continue delving into these issues and determining methods that we can engage more, particularly due to Venezuela as we have actually discussed, and what may or might not happen with Petrocaribe. I believe there is terrific opportunity. I talk about jobs, energy, and the starting fathers all the time.

So witnesses are advised there might 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. How to finance an investment property. Thanks for coming and I anticipate continuing the discussion. 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 convening this session to provide 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 concentrate on this concern and I am glad he did. We were welcome to, delighted to accommodate him and I appreciate that. It kind of directed my focus towards the area and I am extremely thankful that he did. So we will anticipate seeing you in September after this break and I hope everybody has a good break also. 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 Area: 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 an arrangement (Area 546) extending the deadline requiring U.S. people taking a trip 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 denoting 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 certify particular criteria concerning the new document or passport card being developed.

citizens 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 nearly 55% of the vote. Some observers had prepared for political violence, however the elections were the most peaceful and orderly in current 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 organization's summit in St. Kitts and Nevis. Haiti's involvement 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 self-reliance and extending best wishes to Guyana for peace and more development, development, and prosperity. On April 22, 2006, Guyana's Farming minister, along with his two brother timesharingtoday or sisters and a security personnel, were shot and eliminated in an apparent robbery. On April 12, 2006, U.S. and CARICOM trade officials satisfying in Washington began preliminary expedition of a potential complimentary trade agreement. The authorities also accepted rejuvenate an inactive U.S.-CARICOM Trade and Investment Council that had originally established in the early 1990s. On March 30, 2006, Portia Simpson Miller was sworn in as Jamaica's very first female Prime Minister.