A/RES/66/89 A-B providing recommendations on internal constitutional modernization and the debate held in 2005 on the report in the Legislative Council, as well as the negotiations between the administering Power and the territorial Government, which resulted in the adoption of the new Constitution of the Territory in 2007, Noting the view expressed in the aforementioned statement made by the representative of the British Virgin Islands at the 2011 Caribbean regional seminar that there was scope for further constitutional review with respect to the practical and effective implementation of the provisions of the 2007 Constitution in the Territory, Aware of the negative impact of the global economic slowdown on the growth of the Territory’s financial and tourism services sectors, which was possibly somewhat less severe in 2010–2011, Cognizant of the potential usefulness of regional ties for the development of a small island Territory, 1. Recalls the Constitution of the British Virgin Islands, which took effect in 2007, and stresses the importance of continued discussions on constitutional matters, to accord greater responsibility to the territorial Government for the effective implementation of the 2007 Constitution; Requests the administering Power to assist the Territory by facilitating its 2. work concerning public outreach efforts, consistent with Article 73 b of the Charter of the United Nations, and, in that regard, calls upon the relevant United Nations organizations to provide assistance to the Territory, if requested; Welcomes the efforts made by the Territory to strengthen its financial 3. services regulatory regime and to seek new, non-traditional markets for its tourism industry; Also welcomes the active participation of the Territory in the work of the 4. Economic Commission for Latin America and the Caribbean; 5. Further welcomes the holding, for the first time at the level of heads of territorial Government, on 12 May 2011, of the meeting of the Inter-Virgin Islands Council between the Territory and the United States Virgin Islands; V Cayman Islands Taking note of the working paper prepared by the Secretariat on the Cayman Islands 12 and other relevant information, Recalling the statement made by the representative of the territorial Government at the Pacific regional seminar, held in Nouméa from 18 to 20 May 2010, Aware of the 2002 report of the Constitutional Modernization Review Commission, which contained a draft constitution for the consideration of the people of the Territory, the 2003 draft constitution offered by the administering Power and the subsequent discussions between the Territory and the administering Power in 2003, and the reopening of discussions between the administering Power _______________ 12 10 A/AC.109/2011/8.