gibraltar brexit impact

Currently living in Brussels!Opinions expressed by Forbes Contributors are their own.I write about the Spanish economic policy in the framework of EUAfter an extraordinary meeting with her cabinet on Wednesday, the British Prime Minister Theresa May got the green light for the Brexit technical agreement reached by the negotiating teams of the United Kingdom and the European Union. Tweet . Brexit also impacts third countries. Gibraltar's been in the news a lot recently because of Brexit - but why is it so important? Brexit Gibraltar After Brexit: What's The British Overseas Territory's Future? Business Post-Brexit border rules worry Gibraltar. A panel said that those running the country "avoided asking the question." These were the declarations made by the Spanish Secretary of State for the European Union, Luis Marco Aguiriano, who has recalled that the Government has not renounced to the historical demands of sovereignty in the territory and proposes to wait until the transition phase of Brexit to approach the issue: "If the first thing we do is to place the [Spanish] flag on the Rock, they [the British] would leave the negotiating table”, he said.Meanwhile, the spokesman of the conservative Popular Party in the Congress, Joserra García Hernández, has described the Brexit agreement as "shameful" and "absolute failure" when it comes to Gibraltar. Nothing runs smoothly for him, and there are no achievements whatsoever, writes Birgit Maass. That means that the 13,121 Spaniards (according to the 2017 employment statistics of the Government of Gibraltar) who cross the Rock’s fence every day will enjoy free entry and exit from the territory and cannot be discriminated against on grounds of nationality in remuneration, working conditions or social rights.The map of foreign domestic investment may change with Brexit, at least that is what the multinational professional services firm, Ernst & Young, predicts. Impact of Brexit to trade mark protection in the Gibraltar. You can find more information in our data protection declaration.

The Brexit draft creates a new framework of cooperation between Spain and the UK that may bring back the debate on the Rock’s sovereignty.

It was great a relief, then, when the chief negotiator of the EU, Michel Barnier, ensured that citizens "can continue living their lives as before in their country of residence".

Britain's fine wines association is worried.

"Of course, Spain will raise the issue of co-sovereignty, although not the first day of negotiation". Hundreds of British personnel live and work on the Rock, while 96% of Gibraltar voted to remain in the European Union in 2016.

According to the conservative party, the Government has renounced the co-sovereignty, especially because it has not achieved the aspiration of joint use of Gibraltar airport, which was built on the isthmus that connects Gibraltar with the rest of the Iberian Peninsula (a territory that Spain claims as its own).Despite all, the text marks a before and after in the sense that it forces the U.K. to count with Spain to decide some of the most important issues of the Rock. We use cookies to improve our service for you.

According to EY’s report “On the other hand, the Spanish Confederation of Employers Organizations (CEOE) has published the document "It seems that at this stage both Spain and the U.K. have too many close ties in terms of economy and flows of people to gain anything from the break. We can only continue to be attentive to the development of events before drawing the final conclusions.I'm a Spanish journalist graduated in law and politics, specialized in international journalism. We may wonder whether friction will exist if the co-sovereignty issue in Gibraltar is not approached cautiously, but so far both President Pedro Sanchez and Prime Minister Theresa May have displayed respectful, and even amicable, attitudes whenever they have referred to each other. The 585-page text includes a protocol about Gibraltar, establishing a new framework of cooperation which may bring back the debate on the Rock’s sovereignty and has already provoked different reactions within the Spanish politicians.

In any case, there are still several steps ahead and it is not certain that the European Council will approve the draft agreement in the next summit.

The UK now faces a real risk of quotas and tariffs, he said. As the UK is leaving the EU after 47 years of membership, not only the expats living in Britain are concerned about changing border regulations. Before Brexit, Gibraltar was the only British Overseas Territory to be a member of the EU. It is an open secret that a big black tobacco market goes on between Gibraltar (where cigarettes are 40% cheaper) and Spain.Now here comes the big question, will Spain take advantage of the Brexit to raise the controversial issue of Spanish and British co-sovereignty in Gibraltar? Trade mark applications must be made to the UKIPO and then extended to include Gibraltar within three years of the date of registration of the UK trade mark.