I recognize your support and relationship, and I commend your guts of conviction to speak the truth to power even when it is difficult. These nations that picked to stay away from ballot or best rated timeshare exit company voted versus the resolution at the OAS regarding the scenario in Venezuela, I desire you to understand that your decision only enhances oppression and tyranny in the Americas.
It is my.
hope that you will reconsider how your vote on these type of problems in the future. Eventually, all of us have an obligation to actively safeguard flexibility in the Americas, but that can just need very hard options. Mr. Sires. Thank you, Mr. Chairman, for working together on this hearing, and I want to thank the witnesses for being here today. Thank you quite. The Caribbean is often described as America's 3rd border and I agree with this description. With practically 45 million individuals incorporating 16 independent nations and 14 overseas areas, the Caribbean is a varied region that consists of a few of the hemisphere's wealthiest.
and poorest nations. It is a region of fantastic financial and cultural, political and security ties to the United States. The U.S.-Caribbean relationship is identified by extensive economic linkages, substantial security cooperation, and continued U.S. Over the previous 3 years, the administration has actually put forth a brand-new effort supporting energy diversification and tidy, sustainable energy jobs to enhance the region's energy security and to assist it move far from its reliance on oil from Venezuela. Venezuela, which has long subsidized energy expenses to many Latin American and Caribbean countries, must turn inward to save itself from financial and political collapse. Amidst these troubling times we should work.
with our Caribbean partners to diversify energy sources, reinforce their economies, and develop upon a mutual security interest. On the legal front, last month your house authorized H (How to finance an engagement ring).R. What is a consumer finance account. This act is created to increase engagement with the Caribbean that needs the Secretary of State to submit a multiyear strategy to Congress for U.S. engagement with the Caribbean regions and update on its U.S. diplomatic effort to engage the eastern Caribbean countries. As a global power, the United States deals with challenges and risks from every corner of the world. Nevertheless, it is vital that we stay engaged in the Western Hemisphere and not lose sight of our interests so near home. I anticipate hearing from our witnesses on how the U.S. efforts in the Caribbean can enhance and how America can continue to strengthen its partnership with our Caribbean next-door neighbors. Mr. Duncan. I will thank the ranking member, and I will simply state I do not understand the number of 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 because that is how essential it is to the ranking member and myself, so don't believe because no other members appear that it isn't an important problem to the committee and to the subcommittee. And I eagerly anticipate hearing from the witnesses who are extremely well understood 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 what is time sharing vacation 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 overall on these concerns as well as the Caribbean specifically, and Mr. Ranking Member, you too. It is truly important to have a bipartisan voice on these problems and we keep in mind that. We take fulfillment in that and thank you for that leadership, and we ask that that would continue in some method offered the significance of the problems at hand. The United States does have tactical issues.
in the Caribbean Basin and we don't frequently talk about it because way, but in my view they are tactical, from assistance for democratic institutions-- some of which are quite delicate; some of which are strong and enduring-- we have security interests including drug trafficking, counterterrorism, the battle versus financial crimes, get more info obviously migration and humanitarian concerns, energy, the environment, financial development; it is a very wide variety 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 appreciate you putting this together, and I want to thank you for putting the pivot on our neighbors in the Caribbean. As you have actually specified which we have actually seen, and it is not just this administration, it is most likely over the last 20 or 30 years where we have taken our eye off the ball in the Caribbean. When we have country states that near to us with like cultures, you know, we value the very same things, our family worths, things like that, that near us, and we take the eye off of that we start losing our competitiveness and we have seen that.
And it is so important down in that area and we desire people, you know, top is to be safe because area. And with the disputes going on on the planet we do not want them to invade in that location and sadly, we are beginning to see that. And I believe among the most significant 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 pertain to power and when they fall there is a vacuum filled. We have seen that all over the world.