They still think they are visiting Hemingway having a drink over there at La Bodeguita. So how do you see that occurring? What do you see occurring there as tourist keeps increasing and individuals do not go to the other destinations? Yes (What does ltm mean in finance). Mr. Bernal. The return of Cuba to as a destination for American tourists has both unfavorable and favorable effects. In the short run it is a new location. It is going to draw in a great deal of investment and travelers there, and that could divert, especially, travelers from the closest islands to Cuba such as the Bahamas and Dominican Republic, however it could impact the whole Caribbean.

What is necessary for the Caribbean is to do the following: One, to maintain the freshness of the tourism item and its global competitiveness in price and quality; and second of all, to look for the possibility of several destination tourism. That is, a long time in Cuba, some time in the rest of the Caribbean, discover collaborative methods. Lastly, the Caribbean has remarkable tourism proficiency and management which it can use to Cuba in building Cuban tourism. One of the important things is to make sure https://www.businesswire.com/news/home/20191008005127/en/Wesley-Financial-Group-Relieves-375-Consumers-6.7 that as airlift comes from new markets like China that the Caribbean likewise makes certain that it is competitive with the brand-new destinations.

So the Caribbean faces competition, however it is an industry in the Caribbean which has shown an ability to remain internationally competitive and attractive. I believe that the market will continue to grow, however it requires to up its video game due to the fact that of the new competition. Ms. Yearwood. I do not have a lot to add to Ambassador Bernal's point. International tourism grew by 4 percent in 2015; global trade grew by 2. 8 percent. So what we do know it that the tourist market continues to expand and the Caribbean's development has been favorable 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 study on the disturbance that Cuba could 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 with no disturbance permanently, I guess, therefore that market is safe. You have the Canadians, the Europeans. To Ambassador Bernal's point the emerging Chinese and Asian market entering into the Caribbean, so I believe it is both a challenge and a chance. But I think as long the Caribbean does deal with its competitive issues and does stay 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 unexpected to the chairman, which shows 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 delving into these problems and finding out ways that we can engage more, especially in light of Venezuela as we have actually talked about, and what may or might not occur with Petrocaribe. I believe there is fantastic opportunity. I discuss tasks, energy, and the founding fathers all the time.

So witnesses are reminded 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 want to thank you Eric, Sally, and Ambassador. Which of the following was eliminated as a result of 2002 campaign finance reforms?. Thanks for coming and I look forward to continuing the discussion. 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 convening this session to give 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 https://www.businesswire.com/news/home/20200115005652/en/Wesley-Financial-Group-Founder-Issues-New-Year%E2%80%99s this concern and I am pleased he did. We were welcome to, delighted to accommodate him and I value that. It type of directed my focus towards the region and I am incredibly happy that he did. So we will eagerly anticipate seeing you in September after this break and I hope everyone has a good 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 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 an arrangement (Section 546) extending the deadline requiring U.S. residents taking a trip by land or sea between the United States and the Caribbean (in addition to Canada, Mexico, and Central and South America) to have passports or other files 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 regarding the new file or passport card being developed.

citizens 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 almost 55% of the vote. Some observers had expected 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 officially restored at the company's top 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 independence and extending best wishes to Guyana for peace and further advancement, progress, and prosperity. On April 22, 2006, Guyana's Agriculture minister, together with his 2 siblings and a security personnel, were shot and eliminated in an evident burglary. On April 12, 2006, U.S. and CARICOM trade officials fulfilling in Washington started preliminary expedition of a prospective totally free trade agreement. The officials likewise consented to revitalize 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.