Basseterre, St. Kitts, June 30, 2016 (SKNIS): Prime Minister of St. Kitts and Nevis, Dr. the Honourable Timothy Harris, said his Government is closely monitoring the developments from Brexit – the United Kingdom’s (UK) proposed move to leave the European Union (EU) – and the impact it could have on the twin-island federation and the Caribbean region.

At his monthly press conference on Wednesday (June 29), Dr. Harris, who is also the Minister of Finance, cited the turbulence in international markets and worries about global growth since the results of the June 23 UK referendum that saw 52 percent of persons voted to leave the EU.

“Nothing has changed for us (St. Kitts and Nevis) in relation to our formal relationship with the European Union,” he said. “We still have an EPA (Economic Partnership Agreement). The trade policy, the aid and investment policy of the UK was locked into an OECD (Organization for Economic Co-operation and Development) framework and much of what they would have done for St. Kitts and Nevis would have been part of a multilateral mechanism.”

However, the Brexit result saw an announcement by UK Prime Minister, Honourable David Cameron, that he intends to demit office later this year. Speaking specifically to the UK’s commitment to the Caribbean Community (CARICOM), Dr. Harris noted that Prime Minister Cameron had previously indicated support for a number of areas including the criminal justice system.