UK Issued White Paper on Overseas Territories

Last week, White Paper was published by the UK government, aimed at renewal and strengthening of country’s relationship with its Overseas Territories. The document is entitled “The Overseas Territories: Security, Success and Sustainability”, and, according to Foreign Secretary William Hague, it is the first review of the Overseas Territories since 1999. He said that the White Paper is designed to meet the diverse challenges of the British Overseas Territories, and to set the ways how they can be supported.

The White Paper was developed by several government departments working in co-operation, and in consultations with the people and governments of the Territories, including British Virgin Islands. The goals on which the White Paper is focused are: strengthening engagement between the UK and the Territories; strengthening good governance, public financial management and economic planning in the Territories where it is necessary; and increasing the support available to the Territories.

William Hague said in his comments on publishing the White Paper: “As well as having a responsibility to ensure the security and good governance of the Territories, we want the Territories to be vibrant, flourishing communities that proudly retain aspects of their British identity.”

Brian Obvi,
Offshore Analyst

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