Among the points agreed upon is the elimination of the Verja (Fence), the popular name given to the border between the two territories, which is crossed daily by some 15.000 people for work. In its place, there will be a system of joint controls: Gibraltar authorities will continue to supervise internal traffic, and Spain will assume control of the European side, including the port and airport. In addition, the physical controls of goods at the border to avoid delays and new air connections will be inaugurated to european destinations, which will improve the rock's international connection.
The agreement provides for the creation of an economic fund to finance joint projects between Gibraltar and neighboring Spanish municipalities, with the aim of promoting the investment attraction to this region. Gibraltar had remained in legal limbo since the Brexit vote in 2016. Despite 96% of its population voting to remain within the European bloc, the overseas territory was automatically excluded when the United Kingdom's withdrawal from the EU materialized. Since then, no agreement had been reached on how to manage the border or the movement of people. The agreement signed last week puts an end to this situation.
Source: CESCE
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