Yearwood. Thank you, Mr. Meeks. Thank you for your leadership on Caribbean issues. I am going to deal with two issues here mostly, and I will leave my coworkers to resolve some of the others. I think one of the key concerns that the Caribbean has is competitiveness. And I believe to make better usage http://louisqkqh023.lucialpiazzale.com/what-does-how-does-the-federal-government-finance-a-budget-deficit-do of U.S.- Caribbean trade arrangements a lot of the competitive problems require to be resolved - What is the difference between accounting and finance. I discussed in my testament that the IDP they are doing a lot of deal with trade facilitation. That is going to be necessary to getting the Caribbean more able to kind Check out the post right here of have single windows, lower the costs of transport, and reduce the expense of clearance in moving products.
Issues such as taking a trip from one Caribbean island to the other can be more expensive than going to Miami and after that returning down. So there are a lot of issues that the Caribbean requires to take on in order to become a more competitive location to do organization and to trade more successfully. I didn't want to, however, not just try it wyatt take the opportunity 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 extremely vital that the HOPE costs not just go to 2020, however go-- there has to be some sustainability to what is going to prosper the HOPE costs following 2020.
Parliament is unsteady to say the least, kind of an interim President that might or might not constitutional. I am not a Haitian constitutional expert, however I have questions. However at this point in time, what Haiti needs more than anything else as soon as 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 issue that the Congress requires to keep its eye on. Thank you. Mr. Meeks. Yes, sir. Mr. Farnsworth. If I might merely enhance what Sally just said, the issue of competitiveness is genuine and we deal with the business community all the time.
Therefore there has to remain in my view a particular attention to financial investment climate concerns. Energy is part of that. It is certainly not the only aspect. I believe we likewise have to know unintentional consequences. And you have actually done some actually great undoubtedly 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 repercussions. And for instance, when the North American Free Trade Arrangement was very first passed one of the greatest advocates for something that ended up being referred to as NAFTA Parity was Ambassador Richard Bernal of Jamaica who entered into the U.S.
It is an excellent thing, however we want to make sure that Jamaica and the other Caribbean nations are not adversely affected by the trade and investment diversion that might go to Mexico as a result of NAFTA. I believe that was an extremely important point then and it is a very essential point now. And to the degree that TPP moves forward, and again I hope that it does. I highly support it and we hope that it is a near term problem. However, with some brand-new entrants into textiles, for instance, and farming that are extremely competitive in the international environment that will impact nations in the Caribbean Basin.
All About What Is The Difference In Perspective Between Finance And Accounting?
taxpayer support to which we support, but again the problem is one of trade and investment diversion. We have to beware that doing the "ideal thing" with other economies we are not negatively affecting some economies which are currently stressed. And so what is the response here? I think the response is to return to the initial idea in some method of NAFTA Parity only this is TPP parity, right? If Haiti, for example, is reliant on the fabrics trade with the United States, we I think require to make sure that whatever we perform in TPP does not needlessly weaken that or doesn't develop problems in a manner that would take away a few of those advantages that Congress has actually worked so hard for many years to establish.
So my point is that if we look at these in a more detailed way, in a manner that where you have a lot of different, integration of different hairs, then I believe we will come to a much better location. Therefore as we are looking at these concerns strategically, I just very much assistance the method that you are putting this in the context of it is not just this issue or that problem or another issue, it is all of these together and how can we progress in a thorough integrated way 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 consistent management on Caribbean concerns. In response to the issue that you raise, I think that the onus is not just on the U.S (How to finance a second home). but is on the Caribbean. We in the Caribbean need to do some things to make it much easier for business to run and to end up being internationally competitive. I remain convinced that if we produce the best type of environment in between the U.S. and the Caribbean that there is private sector effort on financial investment and there are opportunities, extremely real chances which can happen by combining Caribbean and U.S.