'Isle of Man Cannot Prosper In Isolation From The EU', Says Chief Minister

by Jason Gorringe, Tax-News.com, London

01 April 2004

The special Protocol 3 relationship with Europe remains the best option for the Island despite concerns about the future development of the EU, according to Chief Minister Richard Corkill.

The Protocol 3 arrangement, in place for more than 30 years, keeps the Isle of Man outside of the European Union but allows free trade in manufactured items and agricultural produce between the Island and EU countries.

The Chief Minister was commenting following calls from the Manx EU Realist Group for the Isle of Man Government to consider radical measures, including abandoning Protocol 3 and declaring complete independence, to insulate the Island against the influence of the EU.

“It is the Manx Government’s policy to maintain a high level of vigilance and scrutiny over the EU, and to keep the relationship under regular review. But we have to face the hard facts of geography and economics – it is absolutely unrealistic to think that the Island could prosper in total isolation from our neighbours,” commented Mr Corkhill, continuing:

“We are a small island surrounded by EU member states. Even as an independent entity in a globalised economy we would still need a trading link with Europe at least equivalent to Protocol 3.

“To abandon a sound position on the basis of fear and speculation as to what might happen in the longer term would be premature and irresponsible, to say the least. Nor should the Island jeopardise its success and stability just to make a dramatic gesture against the EU and set an example for others. That might be good for the wider anti-EU movement but it would not be good for the Isle of Man.”

However, the Chief Minister added: “Nevertheless, I do appreciate the genuine concerns of the Manx EU Realist Group, and its members should be congratulated for stimulating public debate on these vitally important issues.”

“I agree entirely that the Island needs to remain vigilant in regard to Europe, that there is no room whatsoever for complacency, and that our economy should grow on a truly global basis,” stated Mr Corkill.

The Protocol 3 arrangement was established for the British Crown Dependencies (the Isle of Man, Jersey and Guernsey) when the United Kingdom joined the then EEC (European Economic Community) in 1972.

The government points out the protocol will not be affected by the intake of ten new counties in May of this year.

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