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 possible for a BOC with no other nationalities to be registered as a British Citizen). Any British Dependent Territory Citizens with connections to Hong Kong who had failed to register themselves as British Nationals (Overseas) by the end of 30 June 1997 would also be ineligible to make further claims for BN(O) from 1 July 1997, and those people would either become Chinese nationals or British Overseas Citizens. Based on existing restrictions, the number of British National (Overseas) passports in circulation, therefore, would continue to decline over the next decades, and will, at some point in the future, fall to