New EU deal protects Gibraltar’s gambling industry, says trade minister
Summary
The recent agreement between the UK and EU was hailed by Gibraltar’s trade minister, Nigel Feetham, as crucial for safeguarding the gambling industry in Gibraltar. Without a framework in place for Gibraltar-Spain border checks, job security and tax revenue were at risk.
Key Points
- A new EU deal secures protections for Gibraltar’s vital gambling industry.
- Trade minister Nigel Feetham warns of potential job losses and tax revenue drops without this agreement.
- Border checks between Gibraltar and Spain were a focal point of the negotiations.
- The agreement aims to provide stability and predictability for Gibraltar’s economy.
- This is part of ongoing discussions regarding the implications of Brexit on regional industries.
Why should I read this?
If you care about the future of Gibraltar’s economy, especially its gambling sector, this article is a must-read. It sheds light on how political agreements can directly impact local industries and livelihoods, making it a crucial update for anyone following EU negotiations and their implications on the ground.