London Daily

Focus on the big picture.
Saturday, Jul 19, 2025

Gov’t not selling out BVI to foreign investors - Junior Trade Minister

Gov’t not selling out BVI to foreign investors - Junior Trade Minister

Junior Minister for Trade & Economic Development, Shereen Flax-Charles expressed alarm at the thought that persons may have misinterpreted the government’s intention when it introduced the Investment Act.

“I want to assure you and assure the entire population of the BVI that we are not selling out the BVI to foreign investors,” the At-Large Representative said as she spoke in the House of Assembly (HOA) yesterday, September 9.

The Virgin Islands investment Act — which passed in the HOA recently — seeks to modernise the way business is done in the BVI and to make the territory more competitive, secure, and attractive for business and investment.

Not all investment is foreign


Flax-Charles argued that locals, as well as foreign investors, are both able to come together with an investment proposal under the new Act.

The legislator said the time has long gone where persons should feel that all of the investment coming into the BVI is foreign.

“We’re building a nation here in the British Virgin Islands,” the legislator said. “There are lots of different aspects of it and this Virgin islands Investment Act is just one such aspect of it.”

The junior minister said building the BVI required more than just the efforts of the legislators and therefore encouraged everyone to get involved.

Trade Commission will bring change


Launched in April, the Trade Commission is expected to set the stage for a new paradigm for the government to strategically develop the territory’s economy in a more sustainable manner.

With the establishment of the physical component of the Trade Commission, Flax-Charles said the general public will be able to get a feel and also better understand where the government is moving with the Trade Commission and with foreign investment.

Flax-Charles previously stated that the overall plan for implementation of the Virgin Islands Trade Commission is to restructure and transform the Department of Trade, Investment Promotion & Consumer Affairs by expanding its portfolio to function as the “one-stop shop” for trade, business, investment, fair competition and consumer affairs.

Newsletter

Related Articles

0:00
0:00
Close
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
Nvidia Becomes World’s First Four‑Trillion‑Dollar Company Amid AI Boom
U.S. Resumes Deportations to Third Countries After Supreme Court Ruling
Excavation Begins at Site of Mass Grave for Children at Former Irish Institution
Iranian President Reportedly Injured During Israeli Strike on Secret Facility
EU Delays Retaliatory Tariffs Amid New U.S. Threats on Imports
Trump Defends Attorney General Pam Bondi Amid Epstein Memo Backlash
Renault Shares Drop as CEO Luca de Meo Announces Departure Amid Reports of Move to Kering
Senior Aides for King Charles and Prince Harry Hold Secret Peace Summit
Anti‑Semitism ‘Normalised’ in Middle‑Class Britain, Says Commission Co‑Chair
King Charles Meets David Beckham at Chelsea Flower Show
If the Department is Really About Justice: Ghislaine Maxwell Should Be Freed Now
NYC Candidate Zohran Mamdani’s ‘Antifada’ Remarks Spark National Debate on Political Language and Economic Policy
President Trump Visits Flood-Ravaged Texas, Praises Community Strength and First Responders
From Mystery to Meltdown, Crisis Within the Trump Administration: Epstein Files Ignite A Deepening Rift at the Highest Levels of Government Reveals Chaos, Leaks, and Growing MAGA Backlash
Trump Slams Putin Over War Death Toll, Teases Major Russia Announcement
Reparations argument crushed
Rainmaker CEO Says Cloud Seeding Paused Before Deadly Texas Floods
×