It’s been hung out to dry! The European Union refuses to include the British Overseas Territories in the Brexit trade pact.
Despite London’s efforts, the EU declined to include the British Overseas Territories in the UK’s Trade and Cooperation Agreement with the EU.
Foreign Office Minister Nigel Adams stated that the UK government had made it plain to the European Commission that it was negotiating on behalf of the Overseas Territories, which include Bermuda and Anguilla.
The British Overseas Territories, with the exception of Gibraltar and the sovereign regions of Cyprus, are not members of the EU, and their combined population of around 250,000 people were unable to vote in the Brexit referendum.
Those who are British citizens, on the other hand, will be able to travel freely inside the bloc before the end of the transition period.
The UK government’s latest white paper simply noted that the territories’ relationship with the EU “will also change.”
However, following repeated attempts during crucial negotiations between Michel Barnier and Lord Frost, Selby MP said the EU “declined to engage.”
“The European Commission refused to negotiate a future partnership that includes the Overseas Territories,” he continued in response to a House of Commons question from Romford MP Andrew Rosindell.
“We attempted to persuade the Commission to reconsider its mind, but the Commission refused to engage.”
Because of their reliance on EU finances and subsidies, certain self-governing regions that are not part of the UK have been wary about Brexit.
The British Virgin Islands have expressed concern that EU development funding have not been fully replaced after the conclusion of the transition phase, with Premier Andrew Fahie stating that the UK’s exit from the EU has “unfortunate repercussions.”
Mr. Adams made it plain, however, that Britain was “unwavering in our commitment to preserving the interests of the Overseas Territories.”
“We continue to engage with all of the Overseas Territories to maximize the prospects open to us as an independent trade nation,” he said.
The European Parliament has further irritated London by voting to add UK overseas territories, including the British Virgin Islands, to its tax havens blacklist now that the UK has left the EU.
The resolution, which received a majority of 53 votes, included provisions asking for the country’s automatic inclusion on a list of countries with 0% tax systems.
The vote’s language cited the Brexit deal, implying that the UK’s exit from the EU was founded on “shared values and aimed toward common prosperity,” according to Brinkwire Summary News.