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 Indian Ocean Territory British Indian Ocean Territory The British Indian Ocean Territory (BIOT) is an overseas territory of the United Kingdom situated in the Indian Ocean halfway between Tanzania and Indonesia. The territory comprises the seven atolls of the Chagos Archipelago with over 1,000 individual islandsmany very smallamounting to a total land area of . The largest and most southerly island is Diego Garcia, , the site of a joint military facility of the United Kingdom and the United States. The only inhabitants of the territory are US and British military personnel and associated contractors, who collectively number around 2,500 (2012 figures). The