GIBA Asks Industry to Respond to BITs Consultation

The Guernsey International Business Association (GIBA) is urging local financial services firms to engage with the States of Guernsey’s consultation on Bilateral Investment Treaties (“BITs”).

The Committee for Economic Development is seeking information about the benefit of the BITs currently in place to the island’s finance sector.

The Committee is keen to understand if existing BITs benefit Guernsey, what benefits additional BITs might bring to the island and whether an absence of BITs is an impediment to the financial services industry.

The consultation will close on 31st October. Respondents can answer all or just some of the questions, depending on their knowledge or interest in these trade agreements.

The survey can be accessed here.