The Chief Executive Officer of the Commonwealth Enterprise and
Investment Council (CWEIC), Oliver Everett, was welcomed to Jersey
by the Assistant Chief Minister, Senator Philip Ozouf, on 14
Jersey joined the CWEIC, the body responsible for promoting
trade and investment between the 53 countries of the Commonwealth,
earlier this year and Senator Ozouf, who represents the Island on
the CWEIC's advisory council, arranged the visit in order to
give Mr Everett the opportunity to learn more about Jersey. During
his visit, Mr Everett met with Government Ministers and
representatives from the Island's business and finance
communities, including officials from Jersey Finance and Digital
The CWEIC's responsibilities include organising the first
Commonwealth Trade Ministers' Meeting, which will be held in
London next year, and the Commonwealth Business Forum, which runs
alongside the Commonwealth Heads of Government Meeting, due to be
held in the UK in 2018.
Senator Ozouf commented: "I am delighted that the
Commonwealth Enterprise and Investment Council have visited Jersey
and are now better placed to understand our needs and our ambitions
to play our part in the Commonwealth.
"As Baroness Scotland has made clear, the Commonwealth will
increasingly be seeking to increase its role in trade. This is
especially important as Jersey seeks to engage with Commonwealth
partners in the post-Brexit landscape.
"Fresh from our signing of a Double Taxation Agreement with
Rwanda and our participation in the Mining Indaba conference in
South Africa, we are looking to deepen our cooperation with
countries across the Commonwealth.
"In these uncertain times, as the global landscape changes,
the Commonwealth is more important than ever to Jersey's
future. We hope that we can play a full part in trading and
cooperating with our friends in all Commonwealth nations."
Mr Everett commented: "I learned a lot about Jersey's
priorities and impressive capabilities during my visit. The
Commonwealth can take a great deal from Jersey's experience of
building a strong island economy.
"Equally, Jersey businesses can certainly benefit from new
opportunities and the CWEIC's Commonwealth network. I was very
impressed with the work being done by all the agencies and
government officials I met.
"Our first action will be to introduce Jersey as a trusted
partner to our key African partners, in line with the
Government's Commonwealth policy."
Commonwealth countries include significant economic powers such
as India, the United Kingdom, Australia and Canada as well as
emerging economies in Africa, Asia and the Pacific.
Probably the most significant change from previous practice in Guernsey law under the Companies (Guernsey) Law 2008, which came into effect on the 1 July 2008, was the consignment to history of the concept of capital maintenance, which was discarded in favour of a solvency model as the basis of a company’s ability to pay distributions and dividends.
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