Yearwood. Thank you, Visit this page Mr. Meeks. Thank you for your management on Caribbean problems. I am going to tackle two concerns here primarily, and I will leave my colleagues to attend to a few of the others. I think one of the key issues that the Caribbean has is competitiveness. And I believe to make much better usage of U.S.- Caribbean trade arrangements a great deal of the competitive issues require to be resolved - What does nav stand for in finance. I pointed out in my testament that the IDP they are doing a great deal of deal with trade assistance. That is going to be crucial to getting the Caribbean more able to type of have single windows, decrease the costs of transportation, and minimize the cost of clearance in moving products.
Problems such as taking a trip 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 lot of issues that the Caribbean needs to take on in order to become a more competitive place to do company and to trade better. I didn't want to, nevertheless, not take the chance to state something about Haiti. I did live there for 13 years and I do follow what is going on there extremely carefully. 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 succeed the HOPE expense following 2020.
Parliament is unstable to say the least, kind of an interim President that may or might not constitutional. I am not a Haitian constitutional specialist, however I have concerns. However at this point in time, timeshare clearing house what Haiti requires more than anything else once this specific point of political problem is conquered, Haiti is get out of your timeshare going to need sustainability and stability to its relationship for trade and investment with the United States. So I believe that is a crucial issue that the Congress needs to keep its eye on. Thank you. Mr. Meeks. Yes, sir. Mr. Farnsworth. If I might merely strengthen what Sally simply said, the concern of competitiveness is genuine and we deal with business neighborhood all the time.
Therefore there needs to remain in my view a particular attention to investment climate concerns. Energy becomes part of that. It is certainly not the only element. I think we likewise need to know unintended consequences. And you have actually done some truly great certainly on the trade agenda, Mr. Meeks. Plainly the TPP is something that Council of the Americas supports. We appreciate your management and others of the subcommittee on that. But there are possibly some unexpected consequences. And for example, when the North American Open Market Agreement was first passed among the greatest supporters for something that ended up being understood as NAFTA Parity was Ambassador Richard Bernal of Jamaica who entered into the U.S.
It is a good idea, however we wish to make certain that Jamaica and the other Caribbean nations are not adversely affected by the trade and investment diversion that may go to Mexico as a result of NAFTA. I believe that was a really important point then and it is an extremely important point now. And to the level 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 concern. Nonetheless, with some new entrants into fabrics, for instance, and agriculture that are extremely competitive in the worldwide environment that will impact nations in the Caribbean Basin.
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taxpayer help to which we support, however once again the concern is one of trade and investment diversion. We have to be careful that doing the "best thing" with other economies we are not negatively affecting some economies which are already worried. Therefore what is the answer here? I think the response is to return to the original idea in some way of NAFTA Parity just this is TPP parity, right? If Haiti, for example, is reliant on the textiles trade with the United States, we I think need to ensure that whatever we carry out in TPP doesn't needlessly weaken that or does not develop problems in a manner 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 comprehensive method, in a manner that where you have a great deal of different, integration of different strands, then I think we will come to a better place. And so as we are looking at these problems tactically, I simply quite assistance the way that you are putting this in the context of it is not simply this concern or that issue or another issue, it is all of these together and how can we progress in an extensive integrated way in assistance of the Caribbean, and I believe that is what we need to keep primary in mind.
Bernal. Let me start by thanking you, Congressman Meeks, for your constant leadership on Caribbean concerns. In reaction to the concern that you raise, I believe that the onus is not just on the U.S (How old of a car will a bank finance). but is on the Caribbean. We in the Caribbean need to do some things to make it easier for business to run and to become globally competitive. I stay convinced that if we create the ideal kind 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 take location by combining Caribbean and U.S.