Yearwood. Thank you, Mr. Meeks. Thank you for your management on Caribbean concerns. I am going to deal with two problems here primarily, and I will leave my colleagues to resolve a few of the others. I believe among the key problems that the Caribbean has is competitiveness. And I think to make much better usage of U.S.- Caribbean trade contracts a lot of the competitive issues require to be dealt with - What does etf stand for in finance. I discussed in my statement that the IDP they are doing a lot of work on trade facilitation. That is going to be necessary to getting the Caribbean more able to kind of have single windows, reduce the costs of transport, and minimize the cost of clearance in moving goods.
Concerns such as taking a trip from one Caribbean island to the other can be more costly than going to Miami and then returning down. So there are a great deal of concerns that the Caribbean requires to tackle in order to become a more competitive location to do business and to trade more efficiently. I didn't desire 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 really closely. And I think it is extremely vital that the HOPE costs not simply go to 2020, however go-- there needs to be some sustainability to what is going to be successful the HOPE costs following 2020.
Parliament is unstable to state the least, type of an interim President that might or may not constitutional. I am not a Haitian constitutional specialist, however I have concerns. However at this moment in time, what Haiti requires more than anything else once this specific point of political difficulty is conquered, Haiti is going to require sustainability and stability to its relationship for trade and investment with the United States. So I believe that is a critical problem that the Congress requires to keep its eye on. Thank you. Mr. Meeks. Yes, sir. Mr. Farnsworth. If I could just enhance what Sally simply said, the problem of competitiveness is genuine and we handle business neighborhood all the time.
And so there has to be in my view a particular attention to financial investment environment problems. Energy belongs to that. It is certainly not the only aspect. I believe we also need to know unintentional consequences. And you have done some truly good work certainly 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 unintentional consequences. And for instance, when the North American Open Market Agreement was very first passed one of the strongest supporters for something that ended up being referred to as NAFTA Parity was Ambassador Richard Bernal of Jamaica who entered the U.S.
It is an excellent thing, however we want to make certain that Jamaica and the other Caribbean nations are not adversely affected by the trade and financial investment diversion that Learn more here may go to Mexico as a result of NAFTA. I believe that was Visit the website a very important point then and it is an extremely important 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. Nonetheless, with some brand-new entrants into textiles, for instance, and agriculture that are highly competitive in the global environment that will affect countries in the Caribbean Basin.
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taxpayer support to which we support, but again the problem is one of trade and financial investment diversion. We have to be careful that doing the "best thing" with other economies we are not adversely impacting some economies which are currently stressed. And so what is the response here? I believe the response is to go back to the original concept in some way of NAFTA Parity only this is TPP parity, right? If Haiti, for example, is dependent on the textiles trade with the United States, we I believe require to ensure that whatever we carry out in TPP does not unnecessarily undermine that or does not create problems in such a way that would remove a few of those advantages that Congress has worked so hard for many years to develop.
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 different, combination of different http://jaredgemg142.bravesites.com/entries/general/the-8-second-trick-for-what-was-the-reconstruction-finance-corporation strands, then I think we will come to a much better place. And so as we are looking at these concerns strategically, I simply quite assistance the way that you are putting this in the context of it is not just this issue or that concern or another concern, it is all of these together and how can we progress in a thorough 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 concerns. In response to the concern that you raise, I believe that the onus is not just on the U.S (How to finance a private car sale). however is on the Caribbean. We in the Caribbean need to do some things to make it simpler for business to run and to become worldwide competitive. I stay convinced that if we create the best sort of environment in between the U.S. and the Caribbean that there is economic sector initiative on financial investment and there are opportunities, very genuine opportunities which can occur by integrating Caribbean and U.S.