Eastern Caribbean leaders to engage EU over proposed CBI visa changes

Saint Lucia Prime Minister Philip J. Pierre says Eastern Caribbean leaders will intensify discussions with the European Union over proposed changes to its visa suspension mechanism and their potential impact on Citizenship by Investment (CBI) programmes across the region.

Pierre made the statement following a special meeting of leaders from participating Eastern Caribbean states held in Dominica on July 10 during his visit for the change of chairmanship ceremony of the Eastern Caribbean Central Bank Monetary Council.

The meeting focused on the EU’s proposed revisions to its visa suspension mechanism and concerns over how those changes could affect countries operating CBI programmes.

Pierre said regional leaders reaffirmed their commitment to maintaining strong relations with the European Union while ensuring that discussions remain respectful and constructive.

“We agreed on one fundamental principle: the relationship between our countries and the European Union is important, and we remain committed to respectful and constructive dialogue,” Pierre said.

The leaders also reiterated their commitment to strengthening the integrity, transparency and security of their CBI programmes.

Pierre highlighted reforms already implemented across the region, including enhanced due diligence measures, improved information sharing and the creation of the Eastern Caribbean Citizenship by Investment Regulatory Authority, which is intended to strengthen oversight and regional cooperation.

The Saint Lucian prime minister said CBI programmes have become an important source of development financing for small island developing states, supporting investments in infrastructure, healthcare, education, housing, climate resilience and disaster recovery.

He added that any future changes to existing arrangements must consider the unique challenges facing small island states and protect development gains made through the programmes.

To advance discussions, regional leaders agreed to increase diplomatic engagement with the EU, including a planned high-level mission to Brussels to meet with European officials.

Pierre said the goal is to identify solutions that address international concerns while safeguarding the economic interests of Caribbean nations.

“For Saint Lucia, our priority is to protect the progress we have made while preserving the strong partnership we enjoy with the European Union and other international partners,” he said.

The leaders said they remain committed to dialogue as they seek a balanced outcome that supports the long-term development goals of Eastern Caribbean states.