Turks and Caicos Islands: Business
The question
To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, if she will set out the proposed changes to business licence legislation within the Turks & Caicos Islands.
Answered by Stephen Doughty
I met Premier Misick of the Turks and Caicos Islands at the recent Joint Ministerial Council (JMC). Total trade between the UK and the Overseas Territories is worth around £17 billion annually, supported by tariff-free access to the UK for Overseas Territory exporters. The JMC included sessions with British Expertise International, UK Export Finance and a business engagement and networking event with UK companies. Supporting economic growth and diversification is a key UK Government priority.
Business licensing is a devolved matter for the Government of the Turks and Caicos Islands.
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