Yearwood. Thank you, Mr. Meeks. Thank you for your management on Caribbean problems. I am going to deal with 2 issues here mainly, and I will leave my coworkers to attend to some of the others. I believe among the essential problems that the Caribbean has is competitiveness. And I believe to make better use of U.S.- Caribbean trade contracts a lot of the competitive issues need to be dealt with - Which of the following was eliminated as a result of 2002 campaign finance reforms?. I pointed out in my testimony that the IDP they are doing a great deal of deal with trade assistance. That is going to be necessary to getting the Caribbean more able to type of have single windows, decrease the costs of transport, and reduce the cost of clearance in moving goods.
Concerns such as taking a trip from one Caribbean island to the other can be more pricey than going to Miami and then going back down. So there are a lot of issues that the Caribbean requires to take on in order to become a more competitive place to do organization and to trade better. I didn't wish to, however, not seize the day to state something about Haiti. I did live there for 13 years and I do follow what is going on there very carefully. And I believe it is exceptionally critical that the HOPE expense not simply go to 2020, but go-- there has to be some sustainability to what is going to succeed the HOPE costs following 2020.
Parliament is shaky to say the least, kind of an interim President that might or might not constitutional. I am not a Haitian constitutional expert, but I have questions. However at this moment in time, what Haiti requires more than anything else when this particular point of political trouble is gotten rid of, Haiti is going to need sustainability and stability to its relationship for trade and investment with the United States. So I think that is an important problem that the Congress needs to keep its eye on. Thank you. Mr. Meeks. Yes, sir. Mr. Farnsworth. If I could simply enhance what Sally simply stated, the issue of competitiveness is genuine and we deal with business neighborhood all the time.
And so there needs to remain in my view a particular attention to investment environment problems. Energy is part of that. It is certainly not the only aspect. I think we also have to be conscious of unintended repercussions. And you have actually done some really excellent work certainly on the trade program, Mr. Meeks. Plainly the TPP is something that Council of the Americas supports. We value your management and others of the subcommittee on that. However there are possibly some unexpected repercussions. And for example, when the North American Open Market Agreement was very first passed one of the strongest supporters for something that became called NAFTA Parity was Ambassador Richard Bernal of Jamaica who entered into the U.S.
It is an excellent thing, but we wish to make certain that Jamaica and the other Caribbean countries are not adversely affected by the trade and investment diversion that might go to Mexico as an outcome of NAFTA. I believe that was a really important point then and it is a really important point now. And to the level 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 issue. Nevertheless, with some new entrants into textiles, for example, and farming that are highly competitive in the global environment that will affect countries in the Caribbean Basin.
3 Simple Techniques For What Is The Difference Between Accounting And Finance
taxpayer assistance to which we support, however again the issue is one of trade and financial investment diversion. We have to beware that doing the "best thing" with other economies we are not negatively affecting some economies which are currently stressed. And so what is the response here? I believe the answer is to go back to the original concept in some method of NAFTA Parity just this is TPP parity, right? If Haiti, for instance, depends on the fabrics trade with the United States, we I think need to make sure that whatever we do in TPP doesn't unnecessarily weaken that or does not create difficulties in such a way that would eliminate a few of those advantages that Congress has actually worked so hard throughout the years to develop.
So my point is that if we look at these in a more comprehensive method, in such a way that where you have a great deal of different, combination of different dave's timeshare hairs, then I believe we will come to a much better location. And so as we are looking at these issues tactically, I just very much assistance the method that you are putting this in the context of it is not just this problem or that concern or click here another problem, it is all of these sirius cancel together and how can we progress in an extensive integrated manner in support of the Caribbean, and I think that is what we have to keep foremost in mind.
Bernal. Let me start by thanking you, Congressman Meeks, for your constant management on Caribbean problems. In reaction to the concern that you raise, I believe that the onus is not just on the U.S (What was the reconstruction finance corporation). 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 convinced that if we create the right kind of environment between the U.S. and the Caribbean that there is personal sector initiative on financial investment and there are chances, very genuine chances which can happen by combining Caribbean and U.S.