Press Release

Premier's Office
Release Date:
Monday, 23 February 2015 - 12:15pm

Over 150 top government officials from the Overseas Countries and Territories Association (OCTA) will gather in the Virgin Islands for the Annual OCTA Ministerial Conference on February 26 and the 13th Annual Overseas Countries and Territories (OCTs) European Union (EU) Forum on February 27.

Led by the Chairman of OCTA and Premier and Minister of Finance, Dr. the Honourable D. Orlando Smith, OBE, the OCTs will engage with the European Commission at the highest level. The European Commissioner for International Cooperation and Development will be represented by Mr. Neven Mimica at the meetings.

In reflecting on the upcoming meeting, Premier Smith stated, “I look forward to this meeting as the OCTs consider how they have unlocked their value by leveraging their special relationship with the EU and other international and regional partners, to create regional hubs and centres of excellence.”

He added, “OCTs will also reaffirm their commitment to the sustainable use of natural resources and emphasise the importance of coastal marine management and climate change adaptation.”

During his year-long tenure as Chairman, Premier Smith has represented over 20 Countries and Territories, under the theme “Unlocking the Value of the OCTs: Sustainable Development through innovation, competitiveness and green growth”.

In this regard, he has lobbied for strategic development in areas such as green growth, innovation, and access to funding for programming. In relation to programming, the Territory and all other OCTs who are members of the OCTA group, are participating in the Territorial Strategies for Innovation (TSI) Project currently being implemented. 

Additionally, the Regional Small and Medium Enterprise Development project is currently managed by the Virgin Islands, with funding from the 10th European Development Fund (10th EDF), has the participation of 12 Caribbean OCTs including the British, Dutch and French territories. 

The OCTs also recognise their economic, environmental, scientific and strategic value to the EU and the wider region can be developed through EU support for research and development in renewable energy, climate change, biodiversity, conservation, science and technology and other areas.

In observance of the OCTA Ministerial Conference, the Government of the Virgin Islands will hold an educational exhibit under the theme, “Unlock the Value of the OCTs: Sustainable Development Through Innovation, Competitiveness and Green Growth”.

The Exhibition will be showcased in the parking lot of Maria’s By the Sea Hotel on Wednesday February 25 and Thursday February 26 starting from 10:00 a.m. to 3:00 p.m. each day. The BVI community is invited to come and view featured displays from the Virgin Islands and other Overseas Territories and learn more about the role of OCTA.