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 EU has safeguarded Gibraltar’s gambling industry. This accord is crucial as it prevents potential tax revenue losses and job cuts that could have arisen from unresolved border checks between Gibraltar and Spain.
Source: https://ct.moreover.com/
Key Points
- The new EU deal addresses border check regulations impacting Gibraltar.
- It ensures the stability of tax revenues derived from Gibraltar’s gambling sector.
- Potential job losses have been averted, enabling the continued success of the industry.
- This agreement is part of broader negotiations surrounding Gibraltar’s status post-Brexit.
- Trade Minister Nigel Feetham emphasised the importance of this deal for Gibraltar’s economy.
Why should I read this?
If you’re keeping an eye on how Brexit impacts industries like gambling, this article is a must-read! It dives into crucial developments that not only affect Gibraltar’s economy but could set precedence for similar sectors across Europe. By reading this, you’ll stay informed about the implications of EU dealings on local economies.
