Beautiful Virgin Islands

Tuesday, Jun 03, 2025

BVI poised to continue economic relationship with Asian region

BVI poised to continue economic relationship with Asian region

The Virgin Islands is poised to continue meaningful economic engagement within the Asian-Pacific region in the new financial year.
According to a press release by the government, the territory continues to have successful engagement with Asia’s financial markets and regional partners.

The efforts are led by the Virgin Islands’ regional government office in Hong Kong.

“Throughout 2021 the Territory built on its 30-year relationships in Finance and Financial Services through ongoing stakeholder engagement in the form of varying conferences and forums,” the press release said.

The territory was represented at the 4th Belt and Road Conference hosted by the Law Society of Hong Kong. BVI Financial products have featured in China’s Belt and Road Initiative (B&RI – China’s international infrastructure development program for developing countries), in tandem with Hong Kong and Singapore entities.

The Law Society discussion centred on the role of regional and international law in supporting the ongoing execution and expansion of the program. BVI explored how its product alignment with Hong Kong and Singapore supported the legal foundations of the program via BVI’s access to the Eastern Caribbean Supreme Court and UK Privy Council.

The Hong Kong office also participated in the third installment of the China-United States Conference. The conference focused primarily on how the dynamics of China-US relations impact the financial markets, services, banking, and international business of the region. According to the government, the discussions provided clarity on strategies for the greater expansion of BVI’s financial services offerings in the Asia-Pacific region.

The final meeting the territory participated in in 2021 was the Shenzhen World Innovative Cities Forum, held in Mainland China and hosted by the Foreign Affairs Office of the Shenzhen Municipal Government and the Shenzhen Foundation for International Exchange & Cooperation.

The forum hosted representatives from 50 institutions and organisations from 18 countries across the world. The main discussion surrounded the sustainable development of modern cities. Representatives from the Virgin Islands was able to share its own experience in developing the National Sustainable Development Plan in collaboration with the United Nation Development Plan and the United Nations Economic Commission for Latin America and the Caribbean.

After what the government describes as a successful year of Asia-Pacific engagement, Xyrah Wheatley (Political Economy Officer in the BVI Hong Kong Office) stated: “Our engagement in the Asia-Pacific was largely successful in meeting all of BVI’s regional goals for 2021. We are again excited and ready to represent the interests of the British Virgin Islands across the region in a variety of diverse forums scheduled in 2022. Our goal in Asia is to expand the footprint of BVI’s Financial Services, while at the same time establishing regional partnerships in the areas of education, culture, public health, climate change, and environment.”
Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
China Accuses US of Violating Trade Truce
Panama Port Owner Balances US-China Pressures
France Implements Nationwide Outdoor Smoking Ban to Protect Children
German Chancellor Merz Keeps Putin Guessing on Missile Strategy
Mandelson Criticizes UK's 'Fetish' for Abandoning EU Regulations
British Fishing Boat Owner Fined €30,000 by French Authorities
Dutch government falls as far-right leader Wilders quits coalition
Harvard Urges US to Unfreeze Funds for Public Health Research
Businessman Mauled by Lion at Luxury Namibian Lodge
Researchers Consider New Destinations Beyond the U.S.
53-Year-Old Doctor Claims Biological Age of 23
Trump Struggles to Secure Trade Deals With China and Europe
Russia to Return 6,000 Corpses Under Ukraine Prisoner Swap Deal
Microsoft Lays Off Hundreds More Amid Restructuring
Harvey Weinstein’s Publicist Embraces Notoriety
Macron and Meloni Seek Unity Despite Tensions
Trump Administration Accused of Obstructing Deportation Cases
Newark Mayor Sues Over Arrest at Immigration Facility
Center-Left Candidate Projected to Win South Korean Presidency
Trump’s Tariffs Predicted to Stall Global Economic Growth
South Korea’s President-Elect Expected to Take Softer Line on Trump and North Korea
Trump’s China Strategy Remains a Geopolitical Puzzle
Ukraine Executes Long-Range Drone Strikes on Russian Airbases
Conservative Karol Nawrocki wins Poland’s presidential election
Study Identifies Potential Radicalization Risk Among Over One Million Muslims in Germany
Good news: Annalena Baerbock Elected President of the UN General Assembly
Apple Appeals EU Law Over User Data Sharing Requirements
South Africa: "First Black Bank" Collapses after Being Looted by Owners
Poland will now withdraw from the EU migration pact after pro-Trump nationalist wins Election
"That's Disgusting, Don’t Say It Again": The Trump Joke That Made the President Boil
Trump Cancels NASA Nominee Over Democratic Donations
Paris Saint-Germain's Greatest Triumph Is Football’s Lowest Point
OnlyFans for Sale: From Lockdown Lifeline to Eight-Billion-Dollar Empire
Mayor’s Security Officer Implicated | Shocking New Details Emerge in NYC Kidnapping Case
Hegseth Warns of Potential Chinese Military Action Against Taiwan
OPEC+ Agrees to Increase Oil Output for Third Consecutive Month
Jamie Dimon Warns U.S. Bond Market Faces Pressure from Rising Debt
Turkey Detains Istanbul Officials Amid Anti-Corruption Crackdown
Taylor Swift Gains Ownership of Her First Six Albums
Bangkok Ranked World's Top City for Remote Work in 2025
Satirical Sketch Sparks Political Spouse Feud in South Korea
Indonesia Quarry Collapse Leaves Multiple Dead and Missing
South Korean Election Video Pulled Amid Misogyny Outcry
Asian Economies Shift Away from US Dollar Amid Trade Tensions
Netflix Investigates Allegations of On-Set Mistreatment in K-Drama Production
US Defence Chief Reaffirms Strong Ties with Singapore Amid Regional Tensions
Vietnam Faces Strategic Dilemma Over China's Mekong River Projects
Malaysia's First AI Preacher Sparks Debate on Islamic Principles
White House Press Secretary Criticizes Harvard Funding, Advocates for Vocational Training
France to Implement Nationwide Smoking Ban in Outdoor Spaces Frequented by Children
×