Canada - Cayman Islands Relations
Canada and the Cayman Islands have a cooperative bilateral relationship, a reflection of the broader historical relationship between Canada and the United Kingdom. As a British Overseas Territory, the Governor, appointed by the Queen, is responsible for defence, foreign affairs, internal security and international finance for the Islands. Canada and the Cayman Islands cooperate within the framework of the Commonwealth and as part of Canada’s Strategy for Engagement in the Americas.
Trade and Investment
Canadian interests in the Cayman Islands are considerable. Canadian controlled banks dominate the financial services sector and operate off-shore mutual funds out of the Cayman Islands. Other Canadian investments are in utilities and hotel properties. Canadian direct investment in the Cayman Islands totalled $30,879 million in 2013.
In 2014, Canadian exports to the Cayman Islands totalled $9.4 million and imports from the country totalled $201 thousand.
People to People Links
Canadians are the 3rd largest component of the foreign work force in Cayman Islands. Many are accountants or lawyers, while others are in the tourism and construction industries. Over 20,000 Canadian tourists visit the Cayman Islands every year.
Since 2007, seven students from the Cayman Islands have received Government of Canada scholarships. Information on available scholarships can be found on the Scholarships website.
The Cayman Islands are represented in Canada by the British High Commission in Ottawa and the British Consulates in Montreal, Toronto, Calgary and Vancouver.
Canada is officially represented in the Turks and Caicos by the High Commission of Canada to the United Kingdom, while the High Commission of Canada in Jamaica looks after Canada's trade and consular interests. Canadians in the Cayman Islands can access consular services through the Honorary Consulate in George Town.
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