OECD Global Forum meeting to be held in Bermuda


HAMILTON, Bermuda — Well over 100 delegates encompassing senior government officials, including some ministers of government from G20, G8, EU and OECD countries around the world, are expected to visit Bermuda this May 31, when the territory hosts the 2011 OECD Global Forum on Transparency and Exchange of Information for Tax Purposes.

Paula Cox, Premier of Bermuda and Minister of Finance, announced on Sunday that the OECD has officially issued its broadcast email to the world’s financial centre jurisdictions, the full membership of the OECD Global Forum of approximately 97 countries, inviting them to Bermuda for the May 31 to June1 event.

Cox, commenting on the development, said, “That the OECD has now issued the official invitation means a lot to both our tourism and international business sectors. As we speak, the movers and shakers of global finance administration, including several leading players in the G20, are booking their Bermuda hotel reservations. They will be googling Bermuda and learning about our jurisdiction, business and tourism infrastructure, before they come.”

The premier added, “As we are currently going through the budget debate I wanted to release this development to the public to emphasise that Bermudians and things Bermudian such as Bermudian entertainment, will benefit from the hosting of this conference in Bermuda. Our signature Bermudian entertainer Gene Steede and others are in the line-up.

“The hotel sector welcomes the extra business and we expect many of the delegates may also find some time in what will be a very intense and busy conference to quickly shop for gifts, eat in restaurants, visit Bermudian vendors and sample Bermudian culture at our Harbour Nights on Front Street, etc. Naturally when they return home they may promote Bermuda tourism and also affirm to their industry sectors that Bermuda is a leading international financial centre."

Bermuda, in its capacity as a vice chair of the Steering Group of the OECD Global Forum on Transparency and Exchange of Information for Tax Purposes works closely with the OECD.

Already the OECD has advised that a number of early registrations to attend the Global Forum have been received.



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