Beautiful Virgin Islands

Tuesday, Jun 24, 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
Germany and Italy Under Pressure to Repatriate $245bn of Gold from US Vaults
Airlines Evaluate Flight Cancellations Amid Escalating US-Iran Tensions
Starmer Invites Innovators to Join Government Talent Scheme
UK Economy’s Strong Opening Quarter Shows Signs of Cooling
Harrods Seeks Court Order to Secure Al Fayed Estate for Victims
BA and Singapore Airlines Cancel Dubai Flights Amid Middle East Tensions
Trump Faces Backlash from MAGA Base Over Iran Strikes
Meta Bets $14 B on Alexandr Wang to Drive AI Ambitions
WATCH: Israeli forces show the aftermath of a massive airstrike at Iran's Isfahan nuclear site
FedEx Founder Fred Smith, ‘Heart and Soul’ of the Company, Dies at 80
Chinese Factories Shift Away from U.S. Amid Trump‑Era Tariffs
Pimco Seizes Opportunity in Japan’s Dislocated Bond Market
Labubu Doll Drives Pop Mart to Status as China’s Most Valuable Toy Maker
Global Coal Demand Defies Paris Accord Goals
We have new information and breaking details to share about what is shaping up to be a historic air campaign tonight
Six Massive Bombs Dropped on Fordow; Trump: 'A Historic Moment for the U.S., Israel, and the World'
Fordow: Deeply Buried Iranian Enrichment Site in U.S.–Israel Crosshairs
United States Conducts Precision Strikes on Iran’s Nuclear Sites
US strikes Iran nuclear sites, Trump says
Pakistan to nominate Trump for Nobel Peace Prize.
BBC Demands Perplexity AI Immediately Stop Using Its Content
Telegram Founder: I Will Leave My Fortune to Over 100 of My Children
Political Turmoil Resurfaces in Belgium Amid Economic Concerns
Fed policymakers divided on timing of interest rate cuts
Trump signals imminent agreement with Harvard University
Inheritance tax referendum alarms Swiss billionaire community
Japan cancels bilateral security meeting amid US defence demands
AI skeptic Emily Bender warns that ‘the emperor has no clothes’
Israel Confirms Assassination of Quds Force Commander in Tehran
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
Senate hearing on who was 'really running' Biden White House kicks off
Iranian Military Officers Reportedly Seek Contact with Reza Pahlavi, Signal Intent to Defect
FBI and Senate Investigate Allegations of Chinese Plot to Influence the 2020 Election in Biden’s Favor Using Fake U.S. Driver’s Licenses
Vietnam Emerges as Luxury Yacht Destination for Ultra‑Rich
Plans to Sell Dutch Embassy in Bangkok Face Local Opposition
China's Iranian Oil Imports Face Disruption Amid Escalating Middle East Tensions
Trump's $5 Million 'Trump Card' Visa Program Draws Nearly 70,000 Applicants
DGCA Finds No Major Safety Concerns in Air India's Boeing 787 Fleet
Airlines Reroute Flights Amid Expanding Middle East Conflict Zones
Elon Musk's xAI Seeks $9.3 Billion in Funding Amid AI Expansion
Trump Demands Iran's Unconditional Surrender Amid Escalating Conflict
Israeli Airstrike Targets Iranian State TV in Central Tehran
President Trump is leaving the G7 summit early and has ordered the National Security Council to the Situation Room
Taiwan Imposes Export Ban on Chips to Huawei and SMIC
Israel has just announced plans to strike Tehran again, and in response, Trump has urged people to evacuate
Netanyahu Signals Potential Regime Change in Iran
Juncker Criticizes EU Inaction on Trump Tariffs
EU Proposes Ban on New Russian Gas Contracts
Analysts Warn Iran May Resort to Unconventional Warfare
Iranian Regime Faces Existential Threat Amid Conflict
×