London Daily

Focus on the big picture.
Thursday, Jul 10, 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

0:00
0:00
Close
Severe Heatwave Claims 2,300 Lives Across Europe
NVIDIA Achieves Historic Milestone as First Company Valued at $4 Trillion
Declining Beer Consumption Signals Cultural Shift in Germany
Linda Yaccarino Steps Down as CEO of X After Two Years
US Imposes New Tariffs on Brazilian Exports Amid Political Tensions
Azerbaijan and Armenia are on the brink of a historic peace deal.
Emails Leaked: How Passenger Luggage Became a Side Income for Airport Workers
Polish MEP: “Dear Leftists - China is laughing at you, Russia is laughing, India is laughing”
BRICS Expands Membership with Indonesia and Ten New Partner Countries
Weinstein Victim’s Lawyer Says MeToo Movement Still Strong
U.S. Enacts Sweeping Tax and Spending Legislation Amid Trade Policy Shifts
Football Mourns as Diogo Jota and Brother André Silva Laid to Rest in Portugal
Labour Expected to Withdraw Support for Special Needs Funding Model
Leaked Audio Reveals Tory Aide Defending DEI Record
Elon Musk Founds a Party Following a Poll on X: "You Wanted It – You Got It!"
London Stock Exchange Faces Historic Low in Initial Public Offerings
A new online platform has emerged in the United Kingdom, specifically targeting Muslim men seeking virgin brides
Trump Celebrates Independence Day with B-2 Flyover and Signs Controversial Legislation
Boris Johnson Urges Conservatives to Ignore Farage
SNP Ordered to Update Single-Sex Space Guidance Within Days
Starmer Set to Reject Calls for Wealth Taxes
Stolen Century-Old Rolls-Royce Recovered After Hotel Theft
Macron Presses Starmer to Recognise Palestinian State
Labour Delayed Palestine Action Ban Over Riot Concerns
Swinney’s Tax Comments ‘Offensive to Scots’, Say Tories
High Street Retailers to Enforce Bans on Serial Shoplifters
Music Banned by Henry VIII to Be Performed After 500 Years
Steve Coogan Says Working Class Is Being ‘Ethnically Cleansed’
Home Office Admits Uncertainty Over Visa Overstayer Numbers
JD Vance Questions Mandelson Over Reform Party’s Rising Popularity
Macron to Receive Windsor Carriage Ride in Royal Gesture
Labour Accused of ‘Hammering’ Scots During First Year in Power
BBC Head of Music Stood Down Amid Bob Vylan Controversy
Corbyn Eyes Hard-Left Challenge to Starmer’s Leadership
London Tube Trains Suspended After Major Fire Erupts Nearby
Richard Kemp: I Felt Safer in Israel Under Attack Than in the UK
Cyclist Says Police Cited Human Rights Act for Riding No-Handed
China’s Central Bank Consults European Peers on Low-Rate Strategies
AI Raises Alarms Over Long-Term Job Security
Saudi Arabia Maintains Ties with Iran Despite Israel Conflict
Musk Battles to Protect Tesla Amid Trump Policy Threats
Air France-KLM Acquires Majority Stake in Scandinavian Airlines
UK Educators Sound Alarm on Declining Child Literacy
Shein Fined €40 Million in France Over Misleading Discounts
Brazil’s Lula Visits Kirchner During Argentina House Arrest
Trump Scores Legislative Win as House Passes Tax Reform Bill
Keir Starmer Faces Criticism After Rocky First Year in Power
DJI Launches Heavy-Duty Coaxial Quadcopter with 80 kg Lift Capacity
U.S. Senate Approves Major Legislation Dubbed the 'Big Beautiful Bill'
Largest Healthcare Fraud Takedown in U.S. History Announced by DOJ
×