Gibraltar Business
• Main imports: Fuels, manufactured goods and food.
• Main exports: Petroleum and manufactured goods.
• Main trade partners: France, Germany, Greece, Italy, Russia, Spain, Switzerland, Sweden, Turkmenistan, UK and USA.
Economy
The British armed forces (historically the main source of revenue through their base facilities on the Rock) sharply reduced their presence from 1994 onwards and now provide less than 10% of GDP. Since then, concessionary tax and corporate facilities for foreign companies have boosted the financial services sector.
Since 1998, a substantial gambling industry has developed, servicing punters from throughout Europe (again the consequence of a favourable tax regime) and it now makes a significant contribution to employment and government revenue.
The economy as a whole is sensitive to the state of relations with Spain and, in particular, restrictions on border crossings since a significant number of Spaniards have jobs on the Rock.
Business Etiquette
Office hours: Mon-Fri 0900-1700; 0800-1400 in summer.
Government office hours: Generally Mon-Fri 0845-1315 and 1415-1730, but hours vary according to department and season.
Conferences & Conventions
Business Contacts
PO Box 29, Watergate House, 2-6 Casements, Gibraltar
Tel: 78376.
Website: www.gibraltarchamberofcommerce.com
Gibraltar Government Office in the UK
Tel: (020) 7836 0777.
Website: www.gibraltar.gov.uk
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