I recognize your support and relationship, and I commend your courage of conviction to speak the truth to power even when it is challenging. These nations that chose to stay away from ballot or voted versus the resolution at the OAS regarding the situation in Venezuela, I desire you to know that your choice just enhances injustice and tyranny in the Americas.
It is my.
hope that you will reevaluate how your vote on these type of concerns in the future. Eventually, we all have a responsibility to actively secure freedom in the Americas, however that can only require extremely tough choices. Mr. Sires. Thank you, Mr. Chairman, for interacting on this hearing, and I wish to thank the witnesses for being here today. Thank you very much. The Caribbean is typically referred to as America's 3rd border and I concur with this description. With practically 45 million people including 16 independent countries and 14 overseas territories, the Caribbean is a diverse region that consists of some of the hemisphere's richest.
and poorest nations. It is a region of terrific financial and cultural, political and security ties to the United States. The U.S.-Caribbean relationship Continue reading is characterized by substantial financial linkages, considerable security cooperation, and continued U.S. Over the previous 3 years, the administration has put forth a brand-new effort supporting energy diversity and tidy, sustainable energy tasks to enhance the region's energy security and to help it move far from its dependence on oil from Venezuela. Venezuela, which has long subsidized energy costs to many Latin American and Caribbean nations, must turn inward to rescue itself from financial and political collapse. Amidst these unpleasant times we must work.
with our Caribbean partners to diversify energy sources, reinforce their economies, and build on a shared security interest. On the legislative front, last month your house approved H (What is internal rate of return in finance).R. Trade credit may be used to finance a major part of a firm's working capital when. This act is designed to increase engagement with the Caribbean that requires the Secretary of State to submit a multiyear strategy to Congress for U.S. engagement with the Caribbean regions and upgrade on its U.S. diplomatic effort to engage the eastern Caribbean nations. As an international power, the United States faces obstacles and hazards from every corner of the world. Nevertheless, it is essential that we remain taken part in the Western Hemisphere and not lose sight of our interests so close to home. I eagerly anticipate hearing from our witnesses on how the U.S. efforts in the Caribbean can improve and how America can continue to reinforce its collaboration with our Caribbean next-door neighbors. Mr. Duncan. I will thank the ranking member, and I will just state I do not understand how many other members we are going to have today. We have actually adjourned for the August recess break and we wanted to continue. Understanding that we were going to adjourn, we were willing to continue with this hearing since that is how important it is to the ranking member and myself, so don't believe due to the fact that no other members show up that it isn't an important concern to the committee and to the subcommittee. And I look forward to speaking with the witnesses who are extremely well known to the.
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committee so their bios are readily available to us, and I will recognize Eric Farnsworth for 5 minutes. ERIC FARNSWORTH, VICE PRESIDENT, COUNCIL OF THE AMERICAS AND AMERICAS SOCIETY Mr. Farnsworth. Well, Mr. Chairman, thank you quite for continuing with the hearing on such a vital topic. Thank you for your management in general on these problems in addition to the Caribbean particularly, and Mr. Ranking Member, you also. It is really crucial to have a bipartisan voice on these problems and we note that. We take fulfillment in that and thank you for that leadership, and we ask that that would continue in some way given the value of the concerns at hand. The United States does have strategic problems.
in the Caribbean Basin and we don't typically discuss it because method, however in my view they are strategic, from support for democratic institutions-- a few of which are rather delicate; a few of which are strong and enduring-- we kate on two and a half have security interests consisting of drug trafficking, counterterrorism, the battle versus financial criminal offenses, undoubtedly immigration and humanitarian concerns, energy, the environment, economic development; it is a very large range of concerns to which the United States has interest. Mr. Sires. Thank you. Mr. Chairman. Mr. Duncan. The Chair will now go to Mr. Yoho from Florida. Mr. Yoho. Mr. Chairman, I value you putting this together, and I wish to thank you for putting the pivot on our neighbors in the Caribbean. As you have mentioned and that we have actually seen, and it is not simply this administration, it is probably over the last 20 or thirty years where we have taken our eye off the ball in the Caribbean. When we have nation states that close to us with like cultures, you know, we value the exact same things, our household worths, things like that, that near us, and we http://louismwgo562.lowescouponn.com/what-happened-to-household-finance-corporation-for-dummies take the eye off of that we start losing our competitiveness and we have actually seen that.
And it is so important down in that area and we want people, you understand, primary is to be secure because area. And with the conflicts going on in the world we don't desire them to get into because area and unfortunately, we are starting to see that. And I think among the biggest things is President Maduro, after Chavez, seeing what is going on in Venezuela. And we have seen in the past, when you have self-appointed totalitarians that come to power and when they fall there is a vacuum filled. We have actually seen that worldwide.