New EU deal protects Gibraltar’s gambling industry, says trade minister
Summary
Nigel Feetham has stated that a new agreement between the UK and EU regarding Gibraltar-Spain border checks is crucial for safeguarding the gambling sector in Gibraltar. He highlighted that without this deal, both tax revenue and local employment would have faced significant threats.
Source: https://ct.moreover.com/
Key Points
- The new EU deal is aimed at protecting Gibraltar’s gambling industry from adverse effects caused by border checks.
- Nigel Feetham believes that without this agreement, Gibraltar would have faced risks to tax revenue and jobs.
- The deal reflects ongoing negotiations between the UK and the EU about Gibraltar’s status post-Brexit.
- Stability in the gambling sector is vital for Gibraltar’s economy.
Why should I read this?
If you’ve got a stake in the gambling industry or just want to stay updated on how Brexit affects Gibraltar, this article is a must-read. It sheds light on how critical this agreement is for the region’s economy and job market—essential knowledge if you’re navigating the changes in post-Brexit Europe!