Yearwood. Thank you, Mr. Meeks. Thank you for your leadership on Caribbean problems. I am going to tackle two problems here mostly, and I will leave my colleagues to deal with some of the others. I think one of the crucial problems that the Caribbean has is competitiveness. And I think to make much better usage of U.S.- Caribbean trade arrangements a lot of the competitive concerns require to be attended to - Which results are more likely for someone without personal finance skills? Check all that apply.. I mentioned in my testimony that the IDP they are doing a lot of work on trade assistance. That is going to be very important to getting the Caribbean more able to kind of have single windows, reduce the costs of transportation, and decrease the cost of clearance in moving items.
Problems such as traveling from one Caribbean island to the other can be more costly than going to Miami and after that going back down. So there are a great deal of problems that the Caribbean needs to take on in order to become a more competitive location to do organization and to trade more efficiently. I didn't desire to, nevertheless, not seize the day the time share company to say 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 exceptionally vital that the HOPE bill not simply go to 2020, however go-- there has to be some sustainability to what is going to succeed the HOPE bill following 2020.
Parliament is unsteady to state the least, kind of an interim President that may or might not constitutional. I am not a Haitian constitutional expert, however I have questions. But at this point in time, what Haiti needs more than anything else once this particular point of political trouble is conquered, Haiti is going to require sustainability and stability to its relationship for trade and investment with the United States. So I think that is a crucial problem that the Congress requires to keep its eye on. Thank you. Mr. Meeks. Yes, sir. Visit this link Mr. Farnsworth. If I could merely reinforce what Sally simply stated, the issue of competitiveness is real and we deal with business neighborhood all the time.
Therefore there needs to be in my view a singular attention to financial investment environment concerns. Energy is part of that. It is certainly not the only aspect. I believe we likewise have to be conscious of unexpected repercussions. And you have done some truly great timeshare organizations undoubtedly on the trade agenda, Mr. Meeks. Clearly the TPP is something that Council of the Americas supports. We appreciate your leadership and others of the subcommittee on that. But there are possibly some unintentional effects. And for example, when the North American Open Market Contract was very first passed one of the greatest supporters for something that became referred to as NAFTA Parity was Ambassador Richard Bernal of Jamaica who came into the U.S.
It is a good thing, but we desire to make sure that Jamaica and the other Caribbean countries are not adversely affected by the trade and financial investment diversion that may go to Mexico as a result of NAFTA. I think that was a really important point then and it is a really crucial point now. And to the degree that TPP moves forward, and once again I hope that it does. I strongly support it and we hope that it is a near term problem. Nevertheless, with some new entrants into fabrics, for instance, and agriculture that are highly competitive in the worldwide environment that will impact countries in the Caribbean Basin.
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taxpayer help to which we support, but again the problem is among trade and investment diversion. We need to be cautious that doing the "ideal thing" with other economies we are not adversely impacting some economies which are currently stressed. Therefore what is the response here? I believe the response is to go back to the original idea in some way of NAFTA Parity just this is TPP parity, right? If Haiti, for instance, depends on the fabrics trade with the United States, we I believe require to ensure that whatever we do in TPP does not needlessly undermine that or does not develop difficulties in a way that would take away some of those benefits that Congress has actually worked so hard for many years to develop.
So my point is that if we look at these in a more detailed way, in a manner that where you have a great deal of various, combination of various hairs, then I think we will come to a better location. Therefore as we are taking a look at these concerns strategically, I simply quite support the way that you are putting this in the context of it is not just this concern or that problem or another problem, it is all of these together and how can we move forward in a detailed integrated manner in support of the Caribbean, and I think that is what we need to keep primary in mind.
Bernal. Let me begin by thanking you, Congressman Meeks, for your consistent leadership on Caribbean issues. In response to the issue that you raise, I believe that the onus is not just on the U.S (What can i do with a degree in finance). but is on the Caribbean. We in the Caribbean have to do some things to make it simpler for organization to run and to end up being globally competitive. I stay convinced that if we develop the right sort of environment between the U.S. and the Caribbean that there is economic sector initiative on investment and there are opportunities, extremely real opportunities which can take place by integrating Caribbean and U.S.