Guernsey's Ministry of Finance published a release on Lord Marland, Chairman of the Commonwealth Enterprise and Investment Council, visiting the island for the first time and holding high-level discussions with the Committee for Economic Development on strengthening international trade relationships and identifying opportunities across the Commonwealth, linked to delivery of the Finance Sector Growth Strategy and a more ambitious trade policy. The release notes that established partners including Canada, Australia, Singapore and Malaysia remain central to Guernsey’s trade ambitions, while the Strategy also highlights increased focus on emerging markets such as South Africa, Nigeria, Botswana and Kenya as regional hubs for fintech, banking and capital markets activity. Discussions also referenced Guernsey’s participation in trade agreements including the UK–Canada Comprehensive Free Trade Agreement and participation in the Comprehensive and Progressive Agreement for Transpacific Partnership, alongside government work to ensure the Bailiwick’s interests are represented in ongoing trade negotiations; it reiterates that the States of Deliberation unanimously supported Guernsey’s approach to joining UK “Rest of World” trade agreements in September 2022.

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