BR100 Increased By (0.68%)
BR30 Increased By (0.95%)
KSE100 Increased By (0.54%)
KSE30 Increased By (0.59%)
BECO 6.17 Increased By ▲ 0.40 (6.93%)
BML 52.70 Decreased By ▼ -0.30 (-0.57%)
BOP 34.55 Increased By ▲ 0.56 (1.65%)
CNERGY 8.14 Increased By ▲ 0.03 (0.37%)
DCL 12.20 No Change ▼ 0.00 (0%)
FCCL 53.40 Increased By ▲ 0.57 (1.08%)
FCSC 5.19 Increased By ▲ 0.12 (2.37%)
FFL 18.06 Increased By ▲ 0.11 (0.61%)
FNEL 1.32 Increased By ▲ 0.03 (2.33%)
HUMNL 10.88 No Change ▼ 0.00 (0%)
KEL 8.09 Increased By ▲ 0.07 (0.87%)
KOSM 5.40 Decreased By ▼ -0.12 (-2.17%)
MLCF 87.35 Increased By ▲ 0.84 (0.97%)
NBP 187.79 Increased By ▲ 2.63 (1.42%)
PACE 10.72 Increased By ▲ 0.14 (1.32%)
PAEL 39.86 Increased By ▲ 0.44 (1.12%)
PIAHCLA 26.13 Decreased By ▼ -0.09 (-0.34%)
PIBTL 17.03 Increased By ▲ 0.36 (2.16%)
PPL 229.99 Increased By ▲ 1.81 (0.79%)
PRL 34.89 Increased By ▲ 0.21 (0.61%)
PTC 67.24 Increased By ▲ 1.91 (2.92%)
SEARL 90.97 Increased By ▲ 0.84 (0.93%)
SSGC 26.88 Increased By ▲ 0.28 (1.05%)
TELE 8.62 Increased By ▲ 0.34 (4.11%)
THCCL 58.62 Increased By ▲ 0.12 (0.21%)
TPLP 8.64 Increased By ▲ 0.42 (5.11%)
TREET 24.73 Increased By ▲ 0.20 (0.82%)
TRG 69.87 Increased By ▲ 0.16 (0.23%)
WAVES 10.05 Increased By ▲ 0.11 (1.11%)
WTL 1.29 Increased By ▲ 0.01 (0.78%)
By

BRUSSELS: The European Union announced on Wednesday it had sealed a deal with Britain on the status of the territory of Gibraltar, five years after Brexit.

The deal will allow the flow of people and goods over the Gibraltar-Spain border, forming part of London’s much-vaunted “reset” in ties with Brussels.

When Britain left the EU in 2020, the relationship between Gibraltar — a key military base for Britain due to its position at the mouth of the Mediterranean Sea — and the bloc remained unresolved.

Talks between London, Madrid, Brussels and Gibraltar on a deal made halting progress negotiations under Britain’s previous Conservative government, but the arrival of Labour last year gave new impetus.

“A truly historic milestone: an EU-UK political agreement on the future relationship concerning Gibraltar. This benefits everyone and reinforces a new chapter in the relationship,” EU trade chief Maros Sefcovic said on X.

“Today’s breakthrough delivers a practical solution after years of uncertainty,” British Foreign Minister David Lammy said in a statement.

“Alongside the government of Gibraltar, we have a reached an agreement which protects British sovereignty, supports Gibraltar’s economy and allows businesses to plan for the long-term once again,” he added.

Gibraltar’s Chief Minister Fabian Picardo said he was “delighted” about the agreement that will bring “legal certainty to the people of Gibraltar, its businesses and to those across the region who rely on stability at the frontier.”

The deal, he added, “will protect future generations of British Gibraltarians and does not in any way affect our British sovereignty.”

Comments

Comments are closed for this article.