New EU deal protects Gibraltar’s gambling industry, says trade minister
Summary
Nigel Feetham, Gibraltar’s trade minister, has announced that a new agreement between the UK and the EU will safeguard the gambling industry in Gibraltar. Without the deal addressing the Gibraltar-Spain border checks, tax revenue and jobs in the sector were under threat.
Key Points
- The new EU agreement is crucial for protecting Gibraltar’s gambling sector from potential job losses.
- Nigel Feetham stresses the importance of cooperation between the UK and EU regarding border checks.
- Failure to reach an agreement could have severely impacted tax revenues in Gibraltar’s gambling industry.
- The deal is seen as a significant step towards maintaining stability in the sector post-Brexit.
- The gambling industry plays a vital role in Gibraltar’s economy, making this agreement essential for its future.
Why should I read this?
If you have any interest in the gambling industry or the economic climate of Gibraltar, this article is a must-read! It reveals key information about how international agreements can significantly impact local economies and job markets. By keeping up with these developments, you can better understand the ongoing changes in the post-Brexit landscape.