British Overseas Territories is the only overseas territory that is part of the European Union (EU), although it is not part of the European Customs Union, the European Tax Policy, the European Statistics Zone or the Common Agriculture Policy. Gibraltar is not a member of the European Union in its own right. The Sovereign Base Areas in Cyprus are not part of the European Union, but they are the only British overseas territory to use the euro as official currency. None of the other Overseas Territories are members of the EU, the main body of EU law does not apply and, although certain
Friends of the British Overseas Territories Executive, Philip Smith, in 2013, FOTBOT has since been consulted by various national media organisations on articles regarding British relations with its dependencies. At least two university associations have been founded in assistance of the organisation's objectives. The organisation was founded in 2013 by Philip Smith, predominantly as a vehicle to foster ties between the young people of the United Kingdom and the sparsely located British Overseas Territories (BOTs), a group of 16 dependencies under the ultimate sovereignty and jurisdiction of the UK, having been former colonies of the British Empire. Its headquarters are currently based in Leeds, a city