Turks and Caicos Islands: Financial Services
The question
To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what assessment she has made of February 2025 changes to the licencing of real estate brokers within Turks and Caicos; and whether she has recently consulted with industry representatives.
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.
Verbatim has judged this answer against the question that was actually asked — answered, partly answered, or evaded. Sign in to see the verdict →