I recognize your support and relationship, and I commend your guts of conviction to speak the fact to power even when it is challenging. These countries that chose to stay away from ballot or voted against the resolution at the OAS regarding the circumstance in Venezuela, I want you to know that your decision just enhances oppression and tyranny in the Americas.
It is my.
hope that you will reassess how your vote on these type of concerns in the future. Eventually, we all have a responsibility to actively secure liberty in the Americas, but that can only need very tough options. Mr. Sires. Thank you, Mr. Chairman, for interacting on this hearing, and I wish to thank the witnesses for being here today. Thank you really much. The Caribbean is typically referred to as America's 3rd border and I agree with this description. With almost 45 million people encompassing 16 independent countries and 14 overseas territories, the Caribbean is a varied region that includes Get more information a few of the hemisphere's richest.
and poorest countries. It is an area of excellent economic and cultural, political and security ties to the United States. The U.S.-Caribbean relationship is defined by comprehensive financial linkages, substantial security cooperation, and continued U.S. Over the previous 3 years, the administration has actually presented a new effort supporting energy diversification and tidy, sustainable energy jobs to enhance the region's energy security and to help it move far from its reliance on oil from Venezuela. Venezuela, which has long subsidized energy expenses to lots of Latin American and Caribbean nations, must turn inward to rescue itself from financial and political collapse. In the middle of these uncomfortable times we need to work.
with our Caribbean partners to diversify energy sources, enhance their economies, and build on a shared security interest. On the legal front, last month the House authorized H (What is the difference between accounting and finance).R. Which of these is the best description of personal finance. This act is developed 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 areas and upgrade on its U.S. diplomatic effort to engage the eastern Caribbean vacation club comparison nations. As a worldwide power, the United States deals with obstacles and risks from every corner of the world. Nevertheless, it is important that we stay participated in the Western Hemisphere and not lose sight of our interests so close to house. I anticipate speaking with our witnesses on how get out of bluegreen timeshare the U.S. efforts in the Caribbean can enhance and how America can continue to strengthen its partnership with our Caribbean neighbors. Mr. Duncan. I will thank the ranking member, and I will just state I do not understand how numerous other members we are going to have today. We have actually adjourned for the August recess break and we wished to continue. Understanding that we were going to adjourn, we wanted to continue with this hearing since that is how crucial it is to the ranking member and myself, so do not think due to the fact that no other members appear that it isn't a vital issue to the committee and to the subcommittee. And I anticipate hearing from the witnesses who are really well understood to the.
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committee so their bios are offered to us, and I will acknowledge Eric Farnsworth for 5 minutes. ERIC FARNSWORTH, VICE PRESIDENT, COUNCIL OF THE AMERICAS AND AMERICAS SOCIETY Mr. Farnsworth. Well, Mr. Chairman, thank you really much for continuing with the hearing on such an important subject. Thank you for your leadership overall on these problems as well as the Caribbean particularly, and Mr. Ranking Member, you as well. It is truly essential to have a bipartisan voice on these concerns and we keep in mind that. We take satisfaction in that and thank you for that management, and we ask that that would continue in some way offered the significance of the issues at hand. The United States does have strategic issues.
in the Caribbean Basin and we do not often speak about it because way, however in my view they are tactical, from assistance for democratic institutions-- a few of which are quite fragile; a few of which are strong and long-lasting-- we have security interests including drug trafficking, counterterrorism, the battle versus financial crimes, clearly migration and humanitarian concerns, energy, the environment, financial development; it is a really broad variety of problems 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 mentioned and that we have actually seen, and it is not simply this administration, it is most likely over the last 20 or thirty years where we have taken our eye off the ball in the Caribbean. When we have country states that near us with like cultures, you know, we value the same things, our household worths, things like that, that close to 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 location and we want individuals, you know, number one is to be protected because location. And with the conflicts going on on the planet we don't desire them to attack in that location 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 concern power and when they fall there is a vacuum filled. We have actually seen that worldwide.