The discussions, held in the BVI,  today, March 7, centred on ensuring that BVI-based boaters are not disproportionately impacted by USVI tariff structures, while also ensuring that USVI-based boaters contribute their fair share to the economies they operate in. Both leaders acknowledged their dedication to reaching a balanced solution, with Premier Hon. Wheatley reaffirming his commitment not to advance new legislation until further discussions solidify a mutually beneficial agreement.

Governor Bryan, leading a high-level delegation, highlighted the importance of collaboration, stressing that economic pressures are not unique to the Virgin Islands but are part of a global reality. “The devil is always in the details,” he said, during a press conference with Hon. Wheatley,  held after the discussions, stressing the need to refine financial calculations before finalising any decisions.

He also highlighted the necessity for fairness, stating that while many businesses profit from both territories, they must also contribute fairly to the communities sustaining them.

Premier Wheatley echoed these sentiments, recognising the challenges but reinforcing the strong relationship between the territories. “Every friendship has disagreements, but the test of true friendship is how we resolve them,” he said. While no final decisions were reached, both leaders agreed to reconvene soon, aiming to finalise a path forward before June.

The discussions also touched on broader cooperation, including increasing the greater Virgin Islands’ share of the global tourism market through joint initiatives.

The post BVI-USVI Leaders Pledge Fairness and Equity in Tariff Discussions appeared first on Jahphix Television - BVI's #1 NEWS SOURCE.

The meetings, scheduled between February 16 and 21, will take place in major financial hubs, including Hong Kong, Shenzhen, Macau, and Malaysia. This initiative is part of the government’s ongoing efforts to expand strategic partnerships in the Asia-Pacific region, a significant contributor to global finance and investment.

“As the Asia-Pacific region continues to grow as a powerhouse in global finance, it is essential for us to strengthen our partnerships and engage in meaningful dialogue with industry leaders,” Premier Wheatley stated. “These efforts will foster long-term economic growth and ensure that the Virgin Islands remains competitive and resilient in an ever-evolving global market.”

During his absence, Deputy Premier Hon. Julian Fraser will serve as Acting Premier and Minister of Finance from February 14 to 17. Fraser will also be traveling to attend the CARICOM Heads of Government Meeting from February 18 to 22. Following his departure, Minister for Communications and Works Hon. Kye Rymer will assume the role of Acting Premier and Minister of Finance from February 18 to 23. These appointments align with provisions outlined in the Virgin Islands Constitution Order, 2007.

Accompanying the Premier on the Asia-Pacific mission are Territorial At-Large Member Hon. Lorna G. Smith, OBE, and Eighth District Representative Hon. Marlon Penn.

The post Premier to Meet with Asian Financial Leaders During Official Visit appeared first on Jahphix Television - BVI's #1 NEWS SOURCE.