Marks first foray into India

A delegation of politicians, officials and business leaders from Guernsey is set to visit India and China to enhance financial services links between the jurisdictions.

Carla McNulty Bauer, Minister for the Commerce and Employment Department within the Guernsey Government, will lead a delegation to Delhi and then Mumbai in October.

Lyndon Trott, Chief Minister, will also lead a delegation to Beijing and Shanghai at the start of November.

The trip is meant to enhance relationships with the emerging market governments, regulators, professional associations and individual companies.

Guernsey established a representative office in China more than two and a half years ago but the visits to India represent the Island’s first official marketing activity in the country.

Mr Niven said: “Guernsey’s finance industry is...increasingly facing new challenges – including stronger competition from other jurisdictions – so it is important that we do not stand still. The Island needs to make sure that it maintains its profile in centres such as London, while also developing relationships in emerging markets such as China and India.