Michael Dunkley said the Bermuda Government was “closely following” developments after the United Kingdom began the process to leave the European Union.

The announcement from the Premier comes after British Prime Minister Theresa May triggered Article 50 of the Lisbon Treaty yesterday.

The move signals the beginning of a legal process needed for Britain to leave the EU.

Last month, Mr Dunkley and Minister of Finance Bob Richards travelled to London for discussions ahead of the move.

“Our obligation as leaders and representatives of the Overseas Territories was to ensure that we explore all relevant opportunities and uphold our economic stability throughout the negotiation process,” the Premier said last night.

“We agreed with the UK that when it leaves the European Union, the strong relationship we have with the EU and the important mutual trade and business links we share should continue.”

The Premier said he would meet leaders in June for the next phase of negotiations.

Mr Dunkley said the UK and Overseas Territories governments would continue to work towards adopting a “joint framework” for dialogue on three agreed priority areas of interest in relation to the EU — market access and trade, borders and free movement, and EU funding.