Beautiful Virgin Islands

Thursday, Jul 24, 2025

BVI will capitalise on economic opportunities from Brexit- Premier Fahie

Premier and Minister of Finance, Hon Andrew A. Fahie says that with the United Kingdom's exit of the European Union, the BV will be looking to independently capitalise on international trade opportunities presented by Brexit.

"Your Government has also been clear with the UK that the BVI would like to explore opportunities for international trade presented by Brexit as the UK seeks out new trading partners," Premier Fahie said in a statement ahead of the official exit on January 31, 2020.


EU remains the focus - Premier Fahie

"To ensure the BVI’s voice is heard, I will travel to London in March to attend the upcoming UK-OT Joint Ministerial Council where I will reiterate our interests. Ladies and gentleman, Your Government has also taken other steps to ensure the BVI maintains our relationship with the EU," he said.

He said the BVI London Office will continue to serve as the EU Representation Office to give the Territory a voice in various EU institutions and among the individual EU Member States.

According to Premier Fahie, "Central Government will also remain fully engaged with the EU on critical issues such as the EU list of non-cooperative tax jurisdictions on which BVI remains on the grey list," and that government continues to fund legislative solutions to the matter.

He noted that the Territory will also continue its membership in the Overseas Countries and Territories Association (OCTA) as an Associate Member to maintain a political presence in Brussels, noting that it is more critical than ever to collaborate with French, Dutch and Danish Territories to lobby in the European Parliament and among other stakeholders where shared interests are at stake.


More Engagement

Hon Fahie also indicated that the EU has been engaged on prospects for development cooperation as a Third Country Jurisdiction, specifically as partners of the EU Outermost Regions in the Caribbean that include Guadeloupe, Martinique, Sint Martin and French Guiana.

"We have a good track record of cooperation with these neighbours on sustainable development and will endeavour to continue partnering on projects."

According to the Premier, associate membership in CARIFORUM has been requested, which is the Caribbean’s negotiating body on EU matters. He said once the CARIFORUM Associate Membership is approved, the VI will further engage the EU on various matters involving trade and development alongside Caribbean neighbours.

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
"Crazy Thing": OpenAI's Sam Altman Warns Of AI Voice Fraud Crisis In Banking
The Podcaster Who Accidentally Revealed He Earns Over $10 Million a Year
Trump Announces $550 Billion Japanese Investment and New Trade Agreements with Indonesia and the Philippines
US Treasury Secretary Calls for Institutional Review of Federal Reserve Amid AI‑Driven Growth Expectations
UK Government Considers Dropping Demand for Apple Encryption Backdoor
Severe Flooding in South Korea Claims Lives Amid Ongoing Rescue Operations
Japanese Man Discovers Family Connection Through DNA Testing After Decades of Separation
Russia Signals Openness to Ukraine Peace Talks Amid Escalating Drone Warfare
Switzerland Implements Ban on Mammography Screening
Japanese Prime Minister Vows to Stay After Coalition Loses Upper House Majority
Pogacar Extends Dominance with Stage Fifteen Triumph at Tour de France
CEO Resigns Amid Controversy Over Relationship with HR Executive
Man Dies After Being Pulled Into MRI Machine Due to Metal Chain in New York Clinic
NVIDIA Achieves $4 Trillion Valuation Amid AI Demand
US Revokes Visas of Brazilian Corrupted Judges Amid Fake Bolsonaro Investigation
U.S. Congress Approves Rescissions Act Cutting Federal Funding for NPR and PBS
North Korea Restricts Foreign Tourist Access to New Seaside Resort
Brazil's Supreme Court Imposes Radical Restrictions on Former President Bolsonaro
Centrist Criticism of von der Leyen Resurfaces as she Survives EU Confidence Vote
Judge Criticizes DOJ Over Secrecy in Dropping Charges Against Gang Leader
Apple Closes $16.5 Billion Tax Dispute With Ireland
Von der Leyen Faces Setback Over €2 Trillion EU Budget Proposal
UK and Germany Collaborate on Global Military Equipment Sales
Trump Plans Over 10% Tariffs on African and Caribbean Nations
Flying Taxi CEO Reclaims Billionaire Status After Stock Surge
Epstein Files Deepen Republican Party Divide
Zuckerberg Faces $8 Billion Privacy Lawsuit From Meta Shareholders
FIFA Pressured to Rethink World Cup Calendar Due to Climate Change
SpaceX Nears $400 Billion Valuation With New Share Sale
Microsoft, US Lab to Use AI for Faster Nuclear Plant Licensing
Trump Walks Back Talk of Firing Fed Chair Jerome Powell
Zelensky Reshuffles Cabinet to Win Support at Home and in Washington
"Can You Hit Moscow?" Trump Asked Zelensky To Make Putin "Feel The Pain"
Irish Tech Worker Detained 100 days by US Authorities for Overstaying Visa
Dimon Warns on Fed Independence as Trump Administration Eyes Powell’s Succession
Church of England Removes 1991 Sexuality Guidelines from Clergy Selection
Superman Franchise Achieves Success with Latest Release
Hungary's Viktor Orban Rejects Agreements on Illegal Migration
Jeff Bezos Considers Purchasing Condé Nast as a Wedding Gift
Ghislaine Maxwell Says She’s Ready to Testify Before Congress on Epstein’s Criminal Empire
Bal des Pompiers: A Celebration of Community and Firefighter Culture in France
FBI Chief Kash Patel Denies Resignation Speculations Amid Epstein List Controversy
Air India Pilot’s Mental Health Records Under Scrutiny
Google Secures Windsurf AI Coding Team in $2.4 Billion Licence Deal
Jamie Dimon Warns Europe Is Losing Global Competitiveness and Flags Market Complacency
South African Police Minister Suspended Amid Organised Crime Allegations
Nvidia CEO Claims Chinese Military Reluctance to Use US AI Technology
Hong Kong Advances Digital Asset Strategy to Address Economic Challenges
Australia Rules Out Pre‑commitment of Troops, Reinforces Defence Posture Amid US‑China Tensions
Martha Wells Says Humanity Still Far from True Artificial Intelligence
×