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 Overseas Territories personnel. They all share the British monarch (Elizabeth II) as head of state. The fourteen British Overseas Territories are: The term "British Overseas Territory" was introduced by the British Overseas Territories Act 2002, replacing the term "British Dependent Territory", introduced by the British Nationality Act 1981. Prior to 1 January 1983, the territories were officially referred to as "British Crown Colonies". Although the Crown dependencies of Jersey, Guernsey, and the Isle of Man are also under the sovereignty of the British monarch, they are in a different constitutional relationship with the United Kingdom. The British Overseas Territories and Crown Dependencies