Beautiful Virgin Islands

Thursday, Oct 30, 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
UK and Vietnam Sign Landmark Migration Deal to Fast-Track Returns of Irregular Arrivals
UK Drug-Pricing Overhaul Essential for Life-Sciences Ambition, Says GSK Chief
Princesses Beatrice and Eugenie Temporarily Leave the UK Amid Their Parents’ Royal Fallout
UK Weighs Early End to Oil and Gas Windfall Tax as Reeves Seeks Investment Commitments
UK Retail Inflation Slows as Shop Prices Fall for First Time Since Spring
Next Raises Full-Year Profit Guidance After Strong Third-Quarter Performance
Reform UK’s Lee Anderson Admits to 'Gaming' Benefits System While Advocating Crackdown
United States and South Korea Conclude Major Trade Accord Worth $350 Billion
Hurricane Melissa Strikes Cuba After Devastating Jamaica With Record Winds
Vice President Vance to Headline Turning Point USA Campus Event at Ole Miss
U.S. Targets Maritime Narco-Routes While Border Pressure to Mexico Remains Limited
Bill Gates at 70: “I Have a Real Fear of Artificial Intelligence – and Also Regret”
Elon Musk Unveils Grokipedia: An AI-Driven Alternative to Wikipedia
Saudi Arabia Unveils Vision for First-Ever "Sky Stadium" Suspended Over Desert Floor
Amazon Announces 14 000 Corporate Job Cuts as AI Investment Accelerates
UK Shop Prices Fall for First Time Since March, Food Leads the Decline
London Stock Exchange Group ADR (LNSTY) Earns Zacks Rank #1 Upgrade on Rising Earnings Outlook
Soap legend Tony Adams, long-time star of Crossroads, dies at 84
Rachel Reeves Signals Tax Increases Ahead of November Budget Amid £20-50 Billion Fiscal Gap
NatWest Past Gains of 314% Spotlight Opportunity — But Some Key Risks Remain
UK Launches ‘Golden Age’ of Nuclear with £38 Billion Sizewell C Approval
UK Announces £1.08 Billion Budget for Offshore Wind Auction to Boost 2030 Capacity
UK Seeks Steel Alliance with EU and US to Counter China’s Over-Capacity
UK Struggles to Balance China as Both Strategic Threat and Valued Trading Partner
Argentina’s Markets Surge as Milei’s Party Secures Major Win
British Journalist Sami Hamdi Detained by U.S. Authorities After Visa Revocation Amid Israel-Gaza Commentary
King Charles Unveils UK’s First LGBT+ Armed Forces Memorial at National Memorial Arboretum
At ninety-two and re-elected: Paul Biya secures eighth term in Cameroon amid unrest
Racist Incidents Against UK Nurses Surge by 55%
UK Chancellor Rachel Reeves Cites Shared Concerns With Trump Administration as Foundation for Early US-UK Trade Deal
Essentra plc: A Closer Look at a UK ‘Penny Stock’ Opportunity Amid Market Weakness
U.S. and China Near Deal to Avert Rare-Earth Export Controls Ahead of Trump-Xi Summit
Justin time: Justin Herbert Shields Madison Beer with Impressive Reflex at Lakers Game
Russia’s President Putin Declares Burevestnik Nuclear Cruise Missile Ready for Deployment
Giuffre’s Memoir Alleges Maxwell Claimed Sexual Act with Clooney
House Republicans Move to Strip NYC Mayoral Front-Runner Zohran Mamdani of U.S. Citizenship
Record-High Spoiled Ballots Signal Voter Discontent in Ireland’s 2025 Presidential Election
Philippines’ Taal Volcano Erupts Overnight with 2.4 km Ash Plume
Albania’s Virtual AI 'Minister' Diella Set to 'Birth' Eighty-Three Digital Assistants for MPs
Tesla Unveils Vision for Optimus V3 as ‘Biggest Product of All Time’, Including Surgical Capabilities
Francis Ford Coppola Auctions Luxury Watches After Self-Financed Film Flop
Convicted Sex Offender Mistakenly Freed by UK Prison Service Arrested in London
United States and China Begin Constructive Trade Negotiations Ahead of Trump–Xi Summit
U.S. Treasury Sanctions Colombia’s President Gustavo Petro over Drug-Trafficking Allegations
Miss USA Crowns Nebraska’s Audrey Eckert Amid Leadership Overhaul
‘I Am Not Done’: Kamala Harris Signals Possible 2028 White House Run
NBA Faces Integrity Crisis After Mass Arrests in Gambling Scandal
Swift Heist at the Louvre Sees Eight French Crown Jewels Stolen in Under Seven Minutes
U.S. Halts Trade Talks with Canada After Ontario Ad Using Reagan Voice Triggers Diplomatic Fallout
Microsoft AI CEO: ‘We’re making an AI that you can trust your kids to use’ — but can Microsoft rebuild its own trust before fixing the industry’s?
×