British Virgin Islands Business News

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Wednesday, March 29, 2017

BVI EU Representative Takes Part in Discussions with CARIFORUM and ACP


In the mid of March, BVI EU representative Benito Wheatley had a meeting in Brussels, Belgium with secretary general of the African, Caribbean and Pacific (ACP) group of countries, to discuss the alternative post-Brexit relationship between the British Virgin Islands and the European Union. Wheatley expressed interest of the BVI in establishing close ties with the organization in the future agreements with the EU.

Also, the BVI EU representative attended CARIFORUM ambassadors meetings where discussed BVI plans to engage with the Caribbean states organization and participate in their future arrangements with the EU. Financial services were emphasized as the main area of immediate cooperation, especially concerning Caribbean jurisdictions' ongoing dialogue with the European Union on international tax cooperation. 

Wheatley's discussions with the ACP group of countries and CARIFORUM are in line with BVI Premier's mandate given to BVI EU representative, to explore different options for jurisdiction's relationship with the organization. The meetings in which Wheatley participated on behalf of the BVI were part of Caribbean Tourism Organization's mission to Brussels to discuss with EU stakeholders the impact of Brexit on the Caribbean.

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