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Gibraltar Welcomes Guarantee Of UK Markets Access

by Amanda Banks, Lowtax.net, London
14 March, 2018

Gibraltar's Government has warmly welcomed a package of measures agreed with the UK Government last week, which protect Gibraltar's interests post-Brexit.

The package includes the guarantee of continued UK market access for Gibraltar financial services and online gaming firms post-Brexit until 2020. The two countries have further committed to work closely together to design a replacement framework to endure beyond 2020 based on a shared high standard of regulation, and enforcement of such, and underpinned by modern arrangements for information-sharing, transparency, and regulatory cooperation.

Gibraltar said it was delighted with this outcome noting it would reassure the business community and encourage growth in the financial services and online gaming sectors.

The two countries also agreed that, following the UK's exit from the EU, British Citizens resident in Gibraltar will continue to be eligible for higher education home fee status at English institutions, subject to concluding a reciprocal agreement for English students studying at higher education institutions in Gibraltar.

On health, Gibraltar says the UK has agreed to maintain the current reciprocal arrangement. This means Gibraltar can continue to refer an unlimited number of patients to the UK for free elective treatment.

On transport matters, Gibraltar says the UK has committed to working closely with Gibraltar towards transport arrangements post-EU exit that support Gibraltar's prosperity.

Gibraltar and the UK also agreed to enhance cooperation on the environmental and fisheries implications of Brexit that are relevant to Gibraltar, whether by sharing information, providing specialist expertise across a range of policy areas to support Gibraltar, or by considering where Gibraltar's interests might be promoted in future through regional or international agreements.

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