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7.
Since UK has responsibility for international relations of
the following 10 territories, the Convention applies to them by
virtue of Article 66. All 10, except British Virgin Islands,
St Helena and Turks and Caicos were covered by our ratification of
singe
The temporary
12 April 1988 and they were not explicitly excluded.
exclusion of British Virgin Islands, St Helena and Turks and Caicos
was lifted by our letter of August 1988 and so they are also
covered.
Anguilla
British Virgin Islands
Cayman Islands
Falkland Islands
Gibraltar
Hong Kong
Montserrat
Pitcairn, Henderson, Ducie and
Oeno Islands
St Helena
Turks and Caicos Islands
We may subsequently wish to withdraw the temporary exclusion of
Bermuda but Bermuda has not yet made up its mind on whether it
wishes to be covered by MIGA (and shows no signs of alacrity over doing so).
8.
All 10 territories wish to have developing member country
status. This would enable investors from any member of MIGA other
than UK to have MIGA insurance cover for investment in any of the
territories. Under paragraph 1.21 of the Operational Regulations it is for the Board of Directors to approve such designation. have so requested.
9.
We
Richer Dependent Territories: Kuwait and Saudi Arabia are
Category Two countries whose 1985 GNP per capita figures are $14,870 and $8,620 respectively. Comparable figures for Hong Kong and Gibraltar are $6,120 and $4,370 respectively. (UK was $8,430).
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