Yearwood. Thank you, Mr. Meeks. Thank you for your leadership on Caribbean concerns. I am going to deal with two problems here mostly, and I will leave my colleagues to attend to some of the others. I believe one of the should i get a timeshare essential issues that the Caribbean has is competitiveness. And I think to make better usage of U.S.- Caribbean trade contracts a lot of the competitive issues require to be addressed - How old of a car will a bank finance. I pointed out in my testament that the IDP they are doing a lot of work on trade assistance. That is going to be crucial to getting the Caribbean more able to kind of have single windows, lower the expenses of transport, and decrease the cost of clearance in moving products.
Issues such as taking a trip from one Caribbean island to the other can be more pricey than going to Miami and then going back down. So there are a lot of issues that the Caribbean requires to tackle in order to end up being a more competitive location to do organization and to trade more successfully. I didn't wish 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 carefully. And I believe it is extremely critical that the HOPE bill not simply go to 2020, but go-- there needs to be some sustainability to what is going to succeed the HOPE costs following 2020.
Parliament is shaky to say the least, type of an interim President that may or might not constitutional. I am not a Haitian constitutional professional, however I have concerns. But at this moment in time, what Haiti needs more than anything else as soon as this particular juncture of political problem is overcome, Haiti is going to need sustainability and stability to its relationship for trade and investment with the United States. So I think that is a vital issue that the Congress requires to keep its eye on. Thank you. Mr. Meeks. Yes, sir. Mr. Farnsworth. If I could simply strengthen what Sally just stated, the issue of competitiveness is real and we deal with business neighborhood all the time.
And so there needs to remain in my view a singular attention to financial investment climate issues. Energy belongs to that. It is definitely not the only element. I think we likewise need to understand unintentional consequences. And you have actually done some actually great certainly on the trade agenda, Mr. Meeks. Clearly the TPP is something that Council of the Americas supports. We value your management and what happens if you stop paying on your timeshare others of the subcommittee on that. But there are maybe some unintentional repercussions. And for instance, when the getout con North American Open Market Arrangement was very first passed among the strongest supporters for something that became known as NAFTA Parity was Ambassador Richard Bernal of Jamaica who came into the U.S.
It is an advantage, but we desire to make certain that Jamaica and the other Caribbean nations are not adversely impacted by the trade and investment diversion that may go to Mexico as a result of NAFTA. I think that was a very crucial point then and it is an extremely important point now. And to the degree 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 issue. Nonetheless, with some brand-new entrants into fabrics, for example, and agriculture that are extremely competitive in the worldwide environment that will affect countries in the Caribbean Basin.
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taxpayer help to which we support, however once again the concern is among trade and investment diversion. We need to beware that doing the "ideal thing" with other economies we are not adversely affecting some economies which are already stressed. And so what is the answer here? I think the response is to return to the initial concept in some way of NAFTA Parity just this is TPP parity, right? If Haiti, for instance, is reliant on the textiles trade with the United States, we I think need to make certain that whatever we carry out in TPP does not unnecessarily weaken that or does not produce problems in a way that would take away a few of those advantages that Congress has actually worked so hard over the years to establish.
So my point is that if we take a look at these in a more detailed way, in a manner that where you have a lot of various, combination of different strands, then I think we will concern a better location. Therefore as we are looking at these issues tactically, I simply quite support the way that you are putting this in the context of it is not just this concern or that issue or another problem, it is all of these together and how can we progress in an extensive integrated manner in support of the Caribbean, and I think that is what we need to keep foremost in mind.
Bernal. Let me start by thanking you, Congressman Meeks, for your constant management on Caribbean concerns. In response to the concern that you raise, I believe that the onus is not only on the U.S (What is internal rate of return in finance). but is on the Caribbean. We in the Caribbean have to do some things to make it simpler for company to operate and to end up being internationally competitive. I stay convinced that if we develop the ideal type of environment between the U.S. and the Caribbean that there is private sector effort on investment and there are opportunities, really genuine chances which can happen by combining Caribbean and U.S.