They still think they are going to see Hemingway having a drink over there at La Bodeguita. So how do you see that happening? What do you see happening there as tourist keeps increasing and people don't go to the other locations? Yes (What happened to yahoo finance portfolios). Mr. Bernal. The return of Cuba to as a location wesley llc for American travelers has both unfavorable and positive results. In the brief run it is a new destination. It is going to bring in a lot of investment and travelers there, and that might divert, especially, tourists from the nearest islands to Cuba such as the Bahamas and Dominican Republic, but it might impact the entire Caribbean.
What is important for the Caribbean is to do the following: One, to maintain the freshness of the tourism product and its worldwide competitiveness in cost and quality; and secondly, to look for the possibility of multiple destination tourism. That is, some time in Cuba, some time in the rest of the Caribbean, find collective methods. Last but not least, the Caribbean has incredible tourist know-how and management which it can provide to Cuba in constructing Cuban tourist. Among the necessary things is to ensure that as airlift comes from do timeshares affect your credit brand-new markets like China that the Caribbean also ensures that it is competitive with the new destinations.
So the Caribbean deals with competition, however it is an industry in the Caribbean which has actually revealed a capability to stay globally competitive and attractive. I have no doubt that the industry will continue to grow, but it needs to up its video game since of the brand-new competitors. Ms. Yearwood. I do not have a lot to contribute to Ambassador Bernal's point. International tourism grew by 4 percent in 2015; international trade grew by 2. 8 percent. So what we do know it that the tourism market continues to expand and the Caribbean's development has been positive for some time now. So I believe on the whole, the Caribbean is doing well.
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The Caribbean Hotel & Tourist did do a research study on the disturbance that Cuba might trigger. 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 nations have actually been taking a trip to Cuba without any 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 coming into the Caribbean, so I believe it is both a challenge and a chance. However I believe as long the Caribbean does deal with its competitive problems and does remain able to compete with Cuba on expense and quality they must 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 importance that the Caribbean region is to our subcommittee, to Congress as an entire, and I believe to the government. We are going to continue diving into these problems and determining 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 excellent opportunity. I talk about jobs, energy, and the founding dads 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. How to finance a franchise with no money. Thanks for coming and I 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 appreciation 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 place on record our gratitude.
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Mr. Duncan. Well, let's put the attention where it is directed. My ranking member desired to concentrate on this concern and I am delighted he did. We were welcome to, happy to accommodate him and I appreciate that. It kind of directed my focus toward the area and I am extremely thankful that he did. So we will eagerly anticipate seeing you in September after this break and I hope everyone has a great 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 alternatives to timeshares the Record < [GRAPHIC( S) NOT READILY AVAILABLE 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 due date needing U.S. citizens traveling 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 signifying 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 license certain criteria regarding the brand-new file or passport card being established.
residents 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 practically 55% of the vote. Some observers had expected political violence, but the elections were the most serene and organized in current 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 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 finest dreams to Guyana for peace and more development, progress, and success. On April 22, 2006, Guyana's Agriculture minister, in addition to his two siblings and a security guard, were shot and eliminated in an evident break-in. On April 12, 2006, U.S. and CARICOM trade officials fulfilling in Washington began initial exploration of a prospective open market contract. The officials also accepted revitalize 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.