Presentation of Gibraltar 04_2010

1,149 views

Published on

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
1,149
On SlideShare
0
From Embeds
0
Number of Embeds
55
Actions
Shares
0
Downloads
0
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Presentation of Gibraltar 04_2010

  1. 1. A presentation on Gibraltar from the Gibraltar Chamber of Commerce
  2. 2. Where in the world
  3. 3. At the crossroads of continents – Europe & Africa Mediterranean Sea Atlantic Ocean Southern Spain Morocco AFRICA GIBRALTAR Straits of Gibraltar
  4. 4. Origins of Gibraltar <ul><li>Name comes from long ago when the Moors (Muslims from North Africa) occupied half of Spain for nearly 800 years. (711 – 1462 AD) </li></ul><ul><li>Jebel or Gibral in Arabic means hill or mountain </li></ul><ul><li>Tarik ibn Ziyad was the Berber ruler of neighbouring Tangier who occupied the Rock and kept it as an Arab stronghold. Gibraltar is named after him. </li></ul>
  5. 5. Anglo-Spanish approach to Gibraltar - an historical primer <ul><li>Historically a military garrison town since capture by the British in 1704 </li></ul><ul><li>Franco era of harassment led to border closure in 1969 </li></ul><ul><li>All supplies brought in by sea or air from UK or Morocco. Access to Spain via Morocco or UK </li></ul><ul><li>Gibraltar once again under siege until 1982 when pedestrian frontier opened </li></ul><ul><li>Vehicular frontier opened in 1985, one year before Spain joined EEC </li></ul><ul><li>Continued basic policy between UK & Spain of agree to disagree until…… </li></ul><ul><li>11M: (2004) Spanish elections led to sea change in Spanish position </li></ul><ul><li>Tripartite talks </li></ul><ul><li>Cordoba Agreement signed between the three governments on 18/09/2006 </li></ul><ul><li>New Constitution adopted 1 st January 2007 </li></ul><ul><li>Gibraltar elections October 2007: GSD returned to power for 4 th term </li></ul><ul><li>Spanish elections March 2008: PSOE returned to power for 2 nd term </li></ul>
  6. 6. Gibraltar – Key Facts & Figures <ul><li>Population: 28,000 </li></ul><ul><li>Total land area: 6.5 sq km </li></ul><ul><ul><ul><li>(Comparative: 11x The Mall in Washington) </li></ul></ul></ul><ul><li>Natural resources: none </li></ul><ul><li>Religion: Roman Catholic: 80%; Protestant: 7%; Muslim: 4%; Jewish: 2%; Hindu: 2%; Other: 5% </li></ul><ul><li>Executive: Head of State: HM Queen Elizabeth II </li></ul><ul><ul><li>Chief Minister & Members of Parliament </li></ul></ul><ul><li>Legislature: House of Parliament (no upper house) </li></ul><ul><li>Judiciary: Supreme Court, Court of Appeal </li></ul><ul><li>Cultural make up: English, Spanish, Italian (Genoese), Maltese, Moroccan, Portuguese </li></ul><ul><li>GDP 2009: £850m (US$1.3bn) </li></ul><ul><li>Imports: UK: 60%, Spain: 30%, Other EU:10% </li></ul><ul><li>Languages: English & Spanish </li></ul>
  7. 7. GDP Growth
  8. 8. Employment <ul><li>Number of registered employed </li></ul>
  9. 9. Gibraltar’s recent economic history <ul><li>Trading centre supplying goods and services to the garrison up to 1988 </li></ul><ul><li>Since 1988 decreasing economic dependence on MOD </li></ul><ul><li>2008: three pillars of the economy have evolved </li></ul><ul><ul><li>Tourism </li></ul></ul><ul><ul><li>Finance centre </li></ul></ul><ul><ul><li>Port & shipping services </li></ul></ul><ul><ul><li>Other significant sectors </li></ul></ul><ul><ul><ul><li>Online gaming </li></ul></ul></ul><ul><ul><ul><li>Professional services (Trusts, Tax and Legal advisory) </li></ul></ul></ul>
  10. 10. TOURISM <ul><li>10m visitors by land, air & sea </li></ul><ul><li>Modern cruise and coach terminals. New air terminal & border link road. Completion by end 2010. </li></ul><ul><li>Tourist expenditure £248m (€273m) </li></ul><ul><li>VAT Free goods </li></ul><ul><li>Variety of sightseeing and leisure attractions </li></ul>
  11. 11. FINANCE SECTOR <ul><li>More than 200 licensed institutions (banks, insurance companies, investment administrators) </li></ul><ul><li>Licence passporting available via EU status </li></ul><ul><li>Low corporate tax rate of 10% effective from 1/01/2011 </li></ul><ul><li>No capital gains taxes </li></ul><ul><li>No estate duties </li></ul><ul><li>No witholding tax on dividends </li></ul>
  12. 12. PORT & SHIPPING SERVICES <ul><li>2 nd biggest Mediterranean port for bunkers (4.7 million tonnes supplied in 2009) </li></ul><ul><li>Over 9,740 deep sea merchant vessels called at Gibraltar in 2009 </li></ul><ul><li>Over 210 cruise calls per annum (average 1400 passengers/vessel) </li></ul><ul><li>VAT Free goods </li></ul><ul><li>Ferry service to Tangier, Morocco & Algeciras </li></ul>
  13. 13. <ul><li>Growing economy from broader base of businesses </li></ul><ul><li>New constitution from 1 st January 2007 </li></ul><ul><ul><ul><ul><ul><li>Greater self-government </li></ul></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>Non-colonial status </li></ul></ul></ul></ul></ul><ul><li>Evolution of Tripartite process </li></ul><ul><li>More cross border cooperation & further regional development </li></ul><ul><li>Elections: Gibraltar: by Nov 2011 </li></ul><ul><ul><ul><ul><ul><li>Spain: March 2012 </li></ul></ul></ul></ul></ul>The future
  14. 14. <ul><li>T: + 350 200 78376 </li></ul><ul><li>www. gibraltarchamberofcommerce .com </li></ul>

×