Yearwood. Thank you, Mr. Meeks. Thank you for your leadership on Caribbean problems. I am going to tackle two problems here mainly, and I will leave my colleagues to address some of the others. I think one of the key concerns that the Caribbean has is competitiveness. And I think to make better use of U.S.- Caribbean trade contracts a great deal of the competitive concerns need to be attended to - What does etf stand for in finance. I pointed out in my testimony that the IDP they are doing a great deal of work on trade facilitation. That is going to be necessary to getting the Caribbean more able to sort of have single windows, decrease the expenses of transport, and reduce the cost of clearance in moving items.
Issues such as taking a trip from one Caribbean island to the other can be more costly than going to Miami and after that returning down. So there are a great deal of problems that the Caribbean needs to tackle in order to end up being a more competitive location to do service and to trade more efficiently. I didn't desire to, however, not seize the day to state something about Haiti. I did live there for 13 years and I do follow what is going on there extremely closely. And I believe it is extremely important that the HOPE bill not just go to 2020, however go-- there needs to be some sustainability to what is going to be successful the HOPE bill following 2020.
Parliament is shaky to state the least, type of an interim President that might or might not constitutional. I am not a Haitian constitutional professional, The original source however I have concerns. However at this point in time, what Haiti requires more than anything else as soon as this specific point of political problem is gotten rid of, 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 needs to keep its eye on. Thank you. Mr. Meeks. Yes, sir. Mr. Farnsworth. If I might simply enhance what Sally just said, the problem of competitiveness is genuine and we deal with business neighborhood all the time.
Therefore there has to be in my view a disadvantages of timeshare singular attention to financial investment environment problems. Energy belongs to that. It is certainly not the only element. I believe we also need to know unintentional consequences. And you have actually done some really great undoubtedly on the trade program, Mr. Meeks. Plainly the TPP is something that Council of the Americas supports. We appreciate your management and others of the subcommittee on that. However there are perhaps some unintended effects. And for example, when the North American Free Trade Arrangement was very first passed one of the strongest advocates for something that ended up being called 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 countries are not adversely impacted by the trade and financial investment diversion that may go to Mexico as an outcome of NAFTA. I think that was a very crucial point then and it is a really important point now. And to the level that TPP moves forward, and again I hope that it does. I strongly support it and we hope that it is a near term problem. Nevertheless, with some brand-new entrants into textiles, for example, and sample timeshare cancellation letter farming that are highly competitive in the global environment that will impact countries in the Caribbean Basin.
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taxpayer assistance to which we support, however again the problem is among trade and investment diversion. We need to be mindful that doing the "right thing" with other economies we are not negatively impacting some economies which are already stressed. And so what is the response here? I believe the answer is to return to the initial concept in some method of NAFTA Parity just this is TPP parity, right? If Haiti, for instance, is reliant on the fabrics trade with the United States, we I think require to ensure that whatever we perform in TPP doesn't unnecessarily weaken that or does not produce problems in a way that would remove a few of those benefits that Congress has worked so hard throughout the years to develop.
So my point is that if we look at these in a more comprehensive method, in such a way that where you have a lot of various, integration of various strands, then I think we will pertain to a better location. And so as we are looking at these issues strategically, I just quite assistance the manner in which you are putting this in the context of it is not simply this issue or that issue or another concern, it is all of these together and how can we move forward in a comprehensive integrated way in support of the Caribbean, and I think 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 issues. In response to the concern that you raise, I believe that the onus is not only on the U.S (What does finance a car mean). but is on the Caribbean. We in the Caribbean need to do some things to make it easier for company to run and to become worldwide competitive. I stay convinced that if we develop the best kind of environment in between the U.S. and the Caribbean that there is private sector initiative on investment and there are chances, very genuine chances which can take place by integrating Caribbean and U.S.