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VAT And Customs Unions – The Pros And Cons. An Update From Gibraltar

On 31 December 2020, the UK and Spain announced an agreement in principle under which Gibraltar would join the EU’s Schengen Area. The EU and Britain will now negotiate a new treaty that is likely to take up to six months. The result is keenly awaited in Gibraltar not least by the business sector. Thus far positive assurances have been given as to how the border will work in practice.

Source: mondaq.com

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