Yearwood. Thank you, Mr. Meeks. Thank you for your management on Caribbean problems. I am going to tackle 2 concerns here primarily, and I will leave my coworkers to attend to a few of the others. I think among the key problems that the Caribbean has is competitiveness. And I believe to make much better use of U.S.- Caribbean trade arrangements a great deal of the competitive problems require to be addressed - How long can i finance a used car. I discussed in my testimony 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 sort of have single windows, lower the expenses of transportation, and reduce the expense of clearance in moving goods.
Problems such as traveling from one Caribbean island to the other can be more costly than going to Miami and then going back down. So there are a lot of concerns that the Caribbean requires to take on in order to become a more competitive location to do organization and to trade better. I didn't wish to, nevertheless, not seize the day to say something about Haiti. I did live there for 13 years and I do follow what is going on there extremely closely. And I think it is incredibly crucial that the HOPE costs not simply go to 2020, however go-- there has to be some sustainability to what is going to be successful the HOPE expense following 2020.
Parliament is shaky to state the least, are all timeshares scams kind of an interim President that may or might not constitutional. I am not a Haitian constitutional specialist, but I have concerns. But at this point in time, what Haiti requires more than anything else when this specific juncture of political difficulty is conquered, 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 an important concern that the Congress needs to keep its eye on. Thank you. Mr. Meeks. Yes, sir. Mr. Farnsworth. If I might merely reinforce what Sally simply said, the concern of competitiveness is genuine and we deal with the organization community all the time.
Therefore there needs to be in my view a particular attention to financial investment climate concerns. Energy becomes part of that. It is definitely not the only element. I believe we likewise need to understand unintended repercussions. And you have done some really great undoubtedly on the trade agenda, Mr. Meeks. Plainly the TPP is something that Council of the Americas supports. We appreciate your leadership and others of the subcommittee on that. However there are maybe some unintended consequences. And for example, when the North American Free Trade Agreement was first passed among the greatest supporters for something that ended up being known as NAFTA Parity was Ambassador Richard Bernal of Jamaica who came into the U.S.
It is a good idea, however we want to make sure that Jamaica and the other Caribbean countries Additional reading are not negatively affected by the trade and investment diversion that might go to Mexico as an outcome of NAFTA. I think that was an extremely important point then and it is an extremely essential point now. And to the degree that TPP goes forward, and once again I hope that it does. I strongly support it and we hope that it is a near term concern. Nevertheless, with some new entrants into textiles, for instance, and farming that are https://dantevfhx703.skyrock.com/3348447002-Some-Ideas-on-What-Does-Ltm-Mean-In-Finance-You-Should-Know.html extremely competitive in the global environment that will impact nations in the Caribbean Basin.
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taxpayer support to which we support, but again the issue is among trade and investment diversion. We need to be careful that doing the "right thing" with other economies we are not adversely affecting some economies which are already stressed. And so what is the response here? I think the response is to return to the initial idea in some way of NAFTA Parity just this is TPP parity, right? If Haiti, for example, depends on the textiles trade with the United States, we I believe require to make certain that whatever we do in TPP doesn't needlessly undermine that or does not produce problems in such a way that would remove a few of those advantages that Congress has worked so hard over the years to establish.
So my point is that if we take a look at these in a more comprehensive way, in such a way that where you have a lot of various, combination of various hairs, then I think we will pertain to a better place. And so as we are looking at these concerns strategically, I just quite assistance the way that you are putting this in the context of it is not simply this issue or that issue or another concern, it is all of these together and how can we move forward in a comprehensive integrated way in support of the Caribbean, and I believe that is what we need to keep foremost in mind.
Bernal. Let me start by thanking you, Congressman Meeks, for your consistent leadership on Caribbean issues. In reaction to the problem that you raise, I believe that the onus is not just on the U.S (What can i do with a degree in finance). however is on the Caribbean. We in the Caribbean need to do some things to make it simpler for organization to run and to become worldwide competitive. I remain persuaded that if we create the ideal type of environment between the U.S. and the Caribbean that there is economic sector effort on investment and there are chances, extremely genuine chances which can take location by integrating Caribbean and U.S.
