Governor Bryan Proposes 25% Tariff on BVI Goods, Travel Fees for Non-Residents

Governor Albert Bryan Jr. has called for an emergency session of the Virgin Islands Legislature to consider new tariffs on goods imported from the British Virgin Islands (BVI) and the introduction of entry and exit fees for non-residents traveling between the two territories.

In a letter addressed to Senate President Milton Potter, Governor Bryan underscored the need to address economic imbalances, safeguard local businesses, and bolster the territory’s revenue from cross-border trade and tourism. The proposed tariffs could be set at 25% or higher, while the travel fees would apply to non-residents entering or departing from the U.S. Virgin Islands via the BVI.

“This discussion is crucial to ensuring fair trade and economic stability for the U.S. Virgin Islands,” Governor Bryan stated. “For too long, we have experienced economic leakage and inconsistencies in our trade relationship with the BVI. It is time we take decisive action to protect our local industries, generate revenue for essential services, and establish a more balanced regulatory framework.”

The proposed measures aim to address longstanding concerns about disparities in trade policies between the two territories, as well as the financial impact of cross-border commerce. Governor Bryan’s administration has pledged to provide economic data and impact assessments to inform legislative deliberations.

While supporters argue that the tariffs and fees would create a more equitable trade environment and boost government revenues, critics have raised concerns about potential disruptions to commerce and tourism. The British Virgin Islands and the U.S. Virgin Islands maintain strong economic ties, with frequent travel and trade between the neighboring territories.

Governor Bryan has urged lawmakers to convene at the earliest possible date to debate the proposals. The outcome of the discussions could have significant implications for businesses, travelers, and the broader economic relationship between the U.S. Virgin Islands and the BVI.