Yearwood. Thank you, Mr. Meeks. Thank you for your leadership on Caribbean issues. I am going to tackle two problems here primarily, and I will leave my colleagues to address some of the others. I believe among the essential concerns that the Caribbean has is competitiveness. And I believe to make better use of U.S.- Caribbean trade contracts a great deal of the competitive problems need to be addressed - Which one of the following occupations best fits into the corporate area of finance?. I mentioned in my testament that the IDP they are doing a great deal of work on trade facilitation. That is going to be very important to getting the Caribbean more able to type of have single windows, minimize the expenses of transportation, and decrease the expense of clearance in moving goods.
Issues such as taking a trip from one Caribbean island to the other can be more costly than going to Miami and after that returning down. So there are a lot of concerns that the Caribbean requires to take on in order to become a more competitive place to do organization and to trade more efficiently. I didn't desire to, nevertheless, not take the chance to state something about Haiti. I what is time share vacation did live there for 13 years and I do follow what is going on there very carefully. And I think it is exceptionally vital that the HOPE costs not just go to 2020, but go-- there needs to be some sustainability to what is going to succeed the HOPE expense following 2020.
Parliament is unstable to say the least, kind of an interim President that may or might not constitutional. what's a time share I am not a Haitian constitutional expert, however I have concerns. However at this moment in time, what Haiti needs more than anything else as soon as this specific point of political problem is gotten rid of, Haiti is going to require sustainability and stability to its relationship for trade and financial investment with the United States. So I think that is a critical issue that the Congress requires to keep its eye on. Thank you. Mr. Meeks. Yes, sir. Mr. Farnsworth. If I could merely strengthen what Sally just stated, the concern of competitiveness is genuine and we handle the service neighborhood all the time.
And so there needs to remain in my view a singular attention to financial investment environment issues. Energy is part of that. It is certainly not the only element. I think we likewise need to understand unintended effects. And you have actually done some truly good work obviously on the trade program, Mr. Meeks. Clearly the TPP is something that Council of the Americas supports. We appreciate your management and others of the subcommittee on that. But there are perhaps some unexpected effects. And Browse this site for example, when the North American Free Trade Agreement was first passed one of the strongest supporters for something that ended up being called NAFTA Parity was Ambassador Richard Bernal of Jamaica who came into the U.S.
It is a good thing, but we desire to make sure that Jamaica and the other Caribbean countries are not adversely affected by the trade and investment diversion that may go to Mexico as an outcome of NAFTA. I think that was a really important point then and it is a very essential point now. And to the extent that TPP moves forward, and once again I hope that it does. I highly support it and we hope that it is a near term issue. Nevertheless, with some brand-new entrants into textiles, for instance, and farming that are highly competitive in the international environment that will impact countries in the Caribbean Basin.
What Are The Two Ways Government Can Finance A Budget Deficit? Things To Know Before You Buy
taxpayer assistance to which we support, but again the issue is one of trade and financial investment diversion. We need to take care that doing the "ideal thing" with other economies we are not negatively impacting some economies which are currently stressed. And so what is the answer here? I believe the answer is to go back to the original concept in some way of NAFTA Parity just this is TPP parity, right? If Haiti, for instance, is dependent on the textiles trade with the United States, we I believe require to ensure that whatever we do in TPP does not needlessly undermine that or does not develop troubles in such a way that would eliminate some of those advantages that Congress has actually worked so hard throughout the years to develop.
So my point is that if we take a look at these in a more thorough way, in a way that where you have a lot of various, integration of various strands, then I believe we will pertain to a better location. And so as we are looking at these issues strategically, I just extremely much assistance the manner in which you are putting this in the context of it is not just this problem or that concern or another problem, it is all of these together and how can we progress in a comprehensive integrated manner in support of the Caribbean, and I believe that is what we have to keep primary in mind.
Bernal. Let me begin by thanking you, Congressman Meeks, for your constant management on Caribbean problems. In response to the issue that you raise, I believe that the onus is not just on the U.S (Which of these is the best description of personal finance). but is on the Caribbean. We in the Caribbean have to do some things to make it simpler for organization to run and to become worldwide competitive. I stay persuaded that if we create the ideal kind of environment between the U.S. and the Caribbean that there is personal sector effort on financial investment and there are opportunities, very genuine chances which can happen by integrating Caribbean and U.S.