Spanish region concerned about Brexit and Gibraltar

The United Kingdom’s new status will affect foreign investment, agriculture, trade but most importantly the region’s relationship with Gibraltar. 

In the document, Andalucía points out that 58.7% of Spanish workers in Gibraltar will be negatively affected. Around 10,000 Spaniards cross the border daily to work in the British territory. The region notes that British tourism contributes 1.2% of its GDP.

The document also highlights the potential loss of subsidies from the EU Common Agricultural Policy (CAP) when London no longer contributes to the budget, arguing losses could be as high as €190 million a year.

As a solution, the regional premier Susana Díaz has put forward a plan “to influence the British market” with objectives and strategies, without providing more details. Andalucía joined other regions in Europe in calling for a European fund to mitigate the harmful effects of Brexit.- El Pais

16-01-18 PANORAMAdailyGIBRALTAR