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
British National (Overseas) passport 2006 against an expectation of a peak in passport renewals. As of May 2007, there were 800,000 holders of valid BN(O) passports. Some 2.6 million out of the 3.4 million British Nationals (Overseas) did not renew their passports upon expiry. As at 31 December 2015, there were only about 143,200 holders of BN(O) passports. As British National (Overseas) cannot be passed through "jus sanguinis" to children of current BN(O)s, any children born on or after 1 July 1997 to parents with British National (Overseas) status only acquired either Chinese nationality or British Overseas Citizen status on birth (although it is