New EU deal protects Gibraltar’s gambling industry, says trade minister
Summary
Trade Minister Nigel Feetham commended a new agreement between the UK and the EU that aims to safeguard the gambling sector in Gibraltar. This deal is crucial for maintaining tax revenues and jobs that could have been jeopardised if border checks between Gibraltar and Spain were not addressed.
Key Points
- The agreement aims to protect Gibraltar’s gambling industry from potential threats posed by border checks with Spain.
- Nigel Feetham stated that the failure to reach an agreement could have harmed tax revenues and employment.
- This development reflects the ongoing negotiations and collaborations between the UK and the EU post-Brexit.
- Gibraltar’s economy heavily relies on its gambling sector, underscoring the importance of this deal.
- The deal is viewed as a step towards stabilising relations and ensuring the continued vitality of Gibraltar’s economy.
Why should I read this?
If you care about the future of Gibraltar’s gambling industry or want to keep tabs on Brexit’s ongoing effects, this article is a must-read! It lays out how a new EU deal prevents potential chaos at the Gibraltar-Spain border, protecting jobs and tax revenues that keep the local economy afloat. Less drama, more facts—don’t miss out on this critical info!