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BVI Explores Post-Brexit Relationship With EU

by Mike Godfrey, Lowtax.net, Washington
23 March, 2017

The British Virgin Islands is actively seeking to redefine its relationship with the European Union in light of the UK's referendum decision to leave the EU.

To this end, the British Virgin Islands' Premier, Orlando Smith, has given its EU representative, Benito Wheatley, a mandate to explore different options for the territory's relationship with the EU.

Wheatley recently met with the Secretary General of the African Caribbean and Pacific (ACP) Group of Countries to forge closer ties with the ACP in their future arrangements with the EU.

Wheatley also attended a CARIFORUM Ambassadors meeting, the body comprising Caribbean ACP States.

He also highlighted financial services as a key area of immediate cooperation going forward, particularly as it concerns Caribbean jurisdictions' ongoing dialogue with the EU on international tax cooperation.

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